Abaco Capital, a Salvadoran fintech, secured $500K in a pre-seed round.
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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