Spain
Ábaco Latam is a financial technology startup founded in 2017 and headquartered in Spain. The company's slogan, "Servicios financieros a personas excluidas del sistema financiero," reflects its mission to provide financial services to individuals excluded from the traditional banking system.
Ábaco facilitates financial institutions to extend credit to underbanked populations through an alternative credit scoring mechanism, thus enabling them to cater to segments with low banking penetration. Its focus on Financial Services, Fintech, and SaaS industries demonstrates its dedication to leveraging technology to address financial inclusion challenges.
The recent Corporate Round investment at 15 January 2021 involving LATINIA as the investor signifies a vote of confidence in Ábaco's innovative approach and underscores investor interest in the fintech sector. Ábaco's commitment to expanding financial access and inclusion through its alternative credit scoring solution makes it a noteworthy player in the evolving landscape of financial technology startups.
