Abaco Capital, a Salvadoran fintech, secured $500K in a pre-seed round.
Abaco’s first round included investments received strategic investments from senior executives in the technology field and global companies like HubSpot, Tap Tap Send, and Jeeves. They also received support from Cacao Capital in Guatemala and Caricaco in Costa Rica.
The funds will help Abaco expand its team, improve its technology, and enter new markets.
“All businesses in El Salvador can now manage their receivables for liquidity or defer their payables with our 100% digital platform, without any fees or commissions,” said Carlos Villalobos, CEO and Abaco’s co-founder.
Abaco’s digital platform simplifies financial management for businesses by automating money tracking and providing budget control.
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