* Our Parent Company Crypto Token is GOING LIVE!!! *Flag Token

Safe Harbor to Buy Cannabis FinTech Abaca

Date:

Share post:

Safe Harbor Financial, a facilitator of financial services for the regulated cannabis industry, has entered into an agreement to acquire cannabis FinTech platform Abaca for $30 million and said it will create comprehensive banking solutions for the industry’s operators. 

The deal will combine the specialized financial and treasury services available through Abaca’s digital platform with the wide range of financial services delivered by Safe Harbor, according to a Monday (Oct. 31) press release. 

“With their ecosystem of cannabis banking and finance platform, proprietary technology, strong financial institution and banking relationships, and experienced founder-led management team, we believe Abaca is the ideal platform to help us take a large step forward in scaling our capabilities and service offerings in building the complete cannabis FinTech ecosystem,” Safe Harbor Founder and CEO Sundie Seefried said in the release. 

The enhanced Safe Harbor FinTech platform created by this deal will now offer cannabis operators desktop and mobile banking, treasury…

Read more…

Related articles

What is Klayton Blockchain & Why Toon Finance is Better Choice – CryptoMode

The Klaytn network has taken a big hit today, as the price of KLAY tokens has tumbled following...

Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse...

ATP Finals 2022 full schedule, results, TV channel and live stream as Novak Djokovic reaches final, Rafael Nadal bows out in Turin

Novak Djokovic will meet Casper Ruud in the final of the 2022 ATP Finals after being taken to...

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

What are NFTs and How Do They Work? You may have heard about a new craze sweeping the internet...