abacus-new-york-startup-the-hundert-com

© Saskia Uppenkamp
Omar Qari (Co-Founder, CEO), Joshua Halickman (Co-Founder, CTO) and Ted Power (Co-Founder, CPO)

Location: New York’s myriad rooftops offer something for everyone – from quiet spaces for reflection to achingly hip bars. Whether for thinking or drinking, there are plenty of roofs across town with a view and a sense of wonder that no ground floor spot can compete with.

Abacus – Intelligent expense reporting

Fintech
Founded in 2013
20 employees
Funding $3.5M / 3 rounds

Founded in 2013 by Omar Qari, Ted Power, and Joshua Halickman, Abacus set out to reinvent the way companies reimburse their employees. Abacus helps businesses intelligently manage their employee expenses using data and behavior analysis to make recommendations, as well as automate expense creation and approval. Using heuristics, expenses are curated to help administrators focus on anomalies and high priority items, while processing next-day reimbursements, enforcing company expense policy, reconciling corporate cards, and syncing with accounting software. Abacus is partnering with companies like Salesforce, Slack, and Lever so that busy finance teams have a smarter way to manage business expenses.
abacus.com


This article was published in “the Hundert Vol. 9 – Startups of New York“, December 2016.