El Salvador-based fintech Ábaco Technologies has closed a $53M financing package combining a warehouse facility and a seed round, bringing its total capital raised to more than $60M. The company says it will use the funds to accelerate invoice-based financing for small and medium-sized enterprises (SMEs) across Central America.
Deal structure and investors
Accial Capital and Pomona Impact led the warehouse facility, while the seed round attracted a syndicate including Promotora Social México, Nazca Ventures, Alaya Capital, Caricaco Ventures, Innogen Capital and other participants. Together with the new facility, Ábaco’s cumulative funding now tops $60M.
Invoice-financing model
Founded in 2023 by Alejandro McCormack, Carlos Villalobos and Moisés Hasbún, Ábaco Technologies provides online invoice financing that lets SMEs convert accounts receivable into cash in under 24 hours. The platform requires no personal or real-estate collateral, reducing the frictions typical of traditional bank lending.
Growth targets and regional expansion
With the new capital, Ábaco plans to originate more than $350M in loans over the next 24 months and to serve over 10,000 SMEs. The company intends to expand operations across El Salvador, Guatemala and Costa Rica to meet those goals.
Operational traction to date
So far, Ábaco reports having originated more than $100M in loans, onboarded over 3,000 businesses and executed more than 25,000 disbursements. The startup will leverage those results, plus the liquidity provided by the warehouse facility, to scale its platform and loan volumes in the coming years.
Implications for SMEs
By enabling rapid access to working capital without traditional collateral, Ábaco aims to address a common SME pain point—turning receivables into cash to sustain operations and support growth. The success of its rollout across three Central American markets will test both the platform’s underwriting and the effectiveness of the new liquidity structure.
