Abacus

Abacus, located in New York, NY, operates within the B2B sector, specifically focusing on finance and accounting. With a team of 30 employees, Abacus provides comprehensive solutions that cater to organizations across various regions including the United States, Canada, and remote areas. The company is a part of the Y-Combinator batch W14 and offers innovative financial tools such as Emburse Cards, which allow for the issuance of both virtual and physical cards with real-time controls on employee expenses. Abacus integrates its services with major accounting software like QuickBooks, NetSuite, Xero, and others, supporting both cash and accrual accounting methods. It ensures high security for data transmission using 256-bit encryption and stores sensitive financial information securely in Amazon RDS, with encryption at rest for bank account details and stringent security policies for credit card information. Additionally, Abacus has completed the SSAE 18 / SOC 1 examination, affirming its commitment to high standards of service and security. The company also enhances productivity by integrating with tools such as Slack, Lyft, and Rippling, and offers a mobile app for efficient on-the-go management of expenses and approvals.