Our Mission

 

Abaca was founded to unlock modern financial services for one of the largest underserved industries in America - cannabis. Cannabis is now legal for medical or recreational use in over 30 states, yet it remains difficult for businesses and consumers to access or utilize basic financial services. As a result, business largely remains cash based and high friction. Abaca offers businesses access to financial services, such as business accounts and electronic payment options. We are committed to evolving the industry with access to new financial options and better services.

 

Founding Team 

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Brian Bauer

Brian is a financial technology professional and US Navy veteran. His prior roles include sourcing FinTech startup innovation for a Fortune 500, giving him visibility into hundreds of emerging financial technology solutions that are addressing global and regional markets.

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Dan Roda

Dan is an attorney with private and corporate in-house legal experience in practice areas including banking, finance, and securities regulation. Dan is also a founding board member of the Arkansas Medical Marijuana Association, which advocates for industry best practices in the state's emerging medical cannabis economy.

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Greg Ellis

Greg has 25+ years experience in banking and building risk management technology. Greg has launched multiple successful technology ventures in financial services.

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John Foley

John is a former community bank president with over 25 years of experience with commercial lending and private accounts at institutions large and small across the US.