About Abacus
Abacus is a company based in Melbourne (Australia) founded in 2015 was acquired by Liven in July 2023. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Abacus offers products and services including Abacus POS, Online Ordering, and Self-Ordering Kiosk. Abacus operates in a competitive market with competitors including Square, SpotOn, Clover, Clip and ShopKeep, among others.
- Headquarter Melbourne, Australia
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Sectors
TechnologyRetail
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Email
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Phone
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Website
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Products & Services of Abacus
Abacus offers a comprehensive portfolio of products and services, including Abacus POS, Online Ordering, and Self-Ordering Kiosk. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A system designed for efficient hospitality transaction management.
An add-on enabling remote customer order placement efficiently.
A kiosk system for direct customer order processing.
Funding Insights of Abacus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Abacus
Abacus has secured backing from 1 investor. Prominent investors backing the company include Liven. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software suite solutions for restaurant operations and management are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Abacus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Abacus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abacus Comparisons
Competitors of Abacus
Abacus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, SpotOn, Clover, Clip and ShopKeep, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS system for small business operations is offered.
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| domain | founded_year | HQ Location |
POS solutions are provided to offline retailers via mobile devices.
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| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
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| domain | founded_year | HQ Location |
Unified platform for retail and supply chain planning is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Abacus
When was Abacus founded?
Abacus was founded in 2015.
Where is Abacus located?
Abacus is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Abacus do?
Abacus is focused on delivering advanced point of sale (POS) systems tailored for the hospitality sector. Solutions are provided to small businesses, multi-site companies, and large enterprises across Australia. Operations are streamlined through cloud-based technology, payment integrations, and various add-ons like online ordering and self-ordering kiosks. Customer experience is enhanced while costs are reduced for operators in cafes, restaurants, and other food service businesses.
What products or services does Abacus offer?
Abacus offers Abacus POS, Online Ordering, and Self-Ordering Kiosk.
Who are Abacus's investors?
Abacus has 1 investor. Key investors include Liven.
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