# Abacus

> Abacus is a New York expense-management software company whose product became Emburse Spend in April 2025. Its transaction-based workflow lets employees submit expenses individually while finance teams manage approvals, card reconciliation, reimbursements and accounting synchronization. Acquired by Certify in 2018, it is now part of Emburse.

- **Founded:** 2013
- **Headquarters:** New York, United States
- **Founders:** Omar Qari (Co-founder and original CEO), Ted Power (Co-founder and original CPO), Joshua Halickman (Co-founder and original CTO)
- **Products:** Abacus / Emburse Spend, Emburse Cards for Abacus, Automated accrual accounting, Candidate reimbursements
- **Notable:** Participated in Y Combinator Winter 2014., Raised a reported $3.5 million seed round in 2014., Acquired by Certify in July 2018.

## Products & services

- **Abacus / Emburse Spend** — Transaction-based expense management, mobile receipt capture, approvals, card reconciliation, reimbursements and accounting integrations; Abacus branding transitioned on April 23, 2025.
- **Emburse Cards for Abacus** — Physical and virtual company-funded cards with spending rules, integrated into the Abacus workflow.
- **Automated accrual accounting** — Expense recording and accounting synchronization designed to reduce manual accrual work.
- **Candidate reimbursements** — Historical workflows for reimbursing interview travel, including a Lever integration.

## Achievements

- Participated in Y Combinator Winter 2014.
- Raised a reported $3.5 million seed round in 2014.
- Acquired by Certify in July 2018.
- Joined the unified Emburse organization in January 2020.
- Transaction-based product continued under the Emburse Spend brand in April 2025.

## Latest updates

- **2025-04** — Abacus brand transitioned to Emburse Spend on April 23; the notice said existing credentials continued to work.
- **2025-07** — Reimbursements initiated from July 1 required existing users to reconnect personal bank accounts to CSG Forte.

## Links

- Website: https://www.emburse.com/products/spend
- LinkedIn: https://www.linkedin.com/company/abacus-labs/
- Twitter/X: https://twitter.com/abacus
- Facebook: https://www.facebook.com/abacuslabs

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Profile page: https://yespress.io/abacus
Published by YesPress — https://yespress.io
Last updated: 2026-10-21