ABAKA
Offers employees an easy and mobile-first way to manage their pensions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 10.2x EV/Revenue | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Merger | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 107 % | 3 % | 13 % | 8 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
ABAKA operates within the financial technology sector, offering a platform designed to enhance customer engagement and financial wellness through artificial intelligence. The company was established in 2016 by Fahd Rachidy. Rachidy's background in finance, particularly his experience at major financial institutions like J.P. Morgan and Merrill Lynch, informed the creation of a solution aimed at addressing the advice gap in the pensions and savings market.
The core of ABAKA's business is a modular, AI-powered platform that financial institutions can integrate into their existing systems. This platform leverages technologies such as Natural Language Processing (NLP) and machine learning to deliver hyper-personalized financial advice and guidance to end-users. One of its key products is the Artificial Financial Advisor™, which acts as a digital assistant, helping customers with savings, investments, and retirement planning. The system is designed to analyze customer data to create a comprehensive financial picture and then offer tailored recommendations and insights, aiming to improve financial literacy and decision-making for a broad range of individuals.
ABAKA's business model is primarily business-to-business (B2B), targeting banks, wealth managers, and pension providers. These institutions subscribe to ABAKA's software-as-a-service (SaaS) platform, using it to provide a more sophisticated and engaging digital experience for their clientele. By offering actionable insights and conversational AI, financial institutions can better understand their customers' needs and offer suitable products and services, thereby increasing customer retention and identifying new revenue opportunities. The platform includes various modules such as a 'Financial Health Score' and a 'Retirement Planner' to help users assess their financial situation and plan for the future. This approach positions ABAKA as an enterprise software provider that enables traditional financial players to compete with the rise of new fintech challengers by upgrading their digital capabilities.
Keywords: Artificial Intelligence, financial technology, SaaS, digital advice, wealth management, pension technology, customer engagement, B2B, enterprise software, retirement planning
