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abacus.com

Stage

Acquired | Acquired

Total Raised

$3.52M

About Abacus Labs

Abacus Labs develops an expense management platform. With Abacus, users submit expenses as they go and get paid back the next day. For managers, they now have more control, better data, and happier employees.

Abacus Labs Headquarter Location

14 E 38th St Floor 9

New York, New York, 10016,

United States

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Expert Collections containing Abacus Labs

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Abacus Labs is included in 1 Expert Collection, including Fintech.

F

Fintech

7,344 items

US-based companies

Latest Abacus Labs News

Expensify Files Patent Suit Against Abacus

Jun 6, 2017

Email Expensify has filed a lawsuit against its T&E competitor Abacus Labs alleging patent infringement. Expensify published a blog post Friday (June 2) announcing the suit. Penned by Expensify founder and CEO David Barrett, the post delves into the spirit of innovation and Expensify’s ability to develop travel and expense management technology before explaining the lawsuit. In the last paragraph, the post says Expensify is suing Abacus Labs “for infringement of two of our most core patents surrounding receipt scanning and, most importantly, the automatic matching of the scanned receipt to a credit card feed.” Barrett directs the reader to court documents “for all the gory details.” “One fantastic aspect of technology is that it’s easier than ever to copy,” the executive writes. “This ‘second-mover advantage’ obtained by copying the innovation of others is well known, and is the general basis for patent law. And despite the enormous cost in both time and money (at a time when both were scarce), we chose to invest in both this technology and the patents to protect them.” This year, Expensify announced a partnership with TravelPerk to offer their joint solutions to customers. Meanwhile, Abacus revealed its own partnership with Intacct in December to facilitate real-time sharing of data between the T&E and ERP platforms. Abacus had not yet commented on the lawsuit or the allegations from Expensify as of press time.

  • Where is Abacus Labs's headquarters?

    Abacus Labs's headquarters is located at 14 E 38th St, New York.

  • What is Abacus Labs's latest funding round?

    Abacus Labs's latest funding round is Acquired.

  • How much did Abacus Labs raise?

    Abacus Labs raised a total of $3.52M.

  • Who are Abacus Labs's competitors?

    Competitors of Abacus Labs include Divvy.

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