Abaca is a financial and regulatory technology company based in Little Rock, Arkansas, that facilitates electronic payment processing, banking, lending and financial services for underbanked and nontraditional industries and communities.
Abaca was founded to unlock modern financial services for one of the largest underserved industries in America – cannabis. Cannabis is now legal for medical or recreational use in over 30 states, yet it remains difficult for businesses and consumers to access or utilize basic financial services. As a result, business largely remains cash based and high friction. Abaca offers businesses access to financial services, such as business accounts and electronic payment options. We are committed to evolving the industry with access to new financial options and better services.
With abaca, cannabis banking and financial services are easier than ever to access. Now you can focus on the business – not the banking. From business accounts to merchant services and lending, we’re paving the way for modern financial services in the cannabis business.
Little Rock, Arkansas