Abstra Analysis: $692K Raised
What is Abstra?
Abstra is an AI-powered finance automation platform that handles accounts payable, accounts receivable, accounting, procurement, tax compliance, and FP&A workflows. Its product tour shows email intake, PDF extraction, document classification, duplicate checking, ERP posting, manual review routing, and dashboarding. The company says hundreds of finance teams use the platform, with customer stories across travel, e-commerce, fintech, legal tech, and education.
Location
Rio de Janeiro, Brazil
Employees
11-50
Founded
2020
Revenue
$2.1M
Product Features & Capabilities
- Credit analysis, Finance solutions, Account onboarding, Revenue operations, Human-in-the-loop automation, 1-click deployment to production-ready URLs, Secure user authentication with SSO or SAML, Auditable logs for compliance, On-premise hosting, Easy integration with databases and services, Visual management of PostgreSQL tables.
Pricing
- Pay as you grow pricing model
- Custom editor & thread limits
- AI prompt calls
- Database and file usage
- Native email integration
- Dedicated network settings
- OIDC SSO
- Account and technical support
- SOC 2 Type 2 & ISO 27001 compliance
How much Abstra raised
1 - $692K
August 29, 2021Lead Investor: Iporanga Ventures
Who are the founders of Abstra
BV
Bruno Vieira Costa
Founder
Investors
- Y Combinator
- SoftBank Latin America Fund
- Alexia Ventures
- Iporanga Ventures
- Upload Ventures (São Paulo)
Market Focus
Abstra primarily focuses on the technology industry, specifically in the areas of workflow optimization, automation, and artificial intelligence.
Competitors Overview
Abstra operates in the workflow optimization and automation market, primarily leveraging Python and AI. Its main competitors include:
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Nintex: Known for intelligent process automation technologies, Nintex is recognized for its ability to meet user requirements effectively, although it may take longer to achieve ROI compared to Abstra.
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Laserfiche: A leader in enterprise content management, Laserfiche excels in meeting user needs but also has a slower ROI timeline.
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Kissflow: This platform focuses on low-code application development, streamlining internal operations, and is noted for better requirement fulfillment than Abstra, despite similar ROI concerns.
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Microsoft Power Automate: Designed for automating repetitive tasks, it is well-rated for productivity enhancement but shares the longer ROI timeline issue.
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Appian: A low-code software development platform that helps organizations develop applications quickly, it also faces similar feedback regarding ROI and requirement fulfillment.
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Lutra AI: A no-code workflow automation tool that emphasizes ease of use and integrates with multiple applications.
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Trudo AI: Offers a visual workflow creation platform with drag-and-drop features and generates Python code for dynamic task management.
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Workstreams.ai: Focuses on task and workflow management, enhancing productivity through collaboration tools.
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Docubee: An intelligent contract automation platform that integrates with existing systems and offers generative AI for contract creation.
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ActiveBatch Workload Automation: A centralized platform for automating processes across critical systems with a user-friendly design.
These competitors provide various features that may appeal to different business needs, such as contract management, workload automation, and no-code application development, offering distinct advantages depending on specific requirements.
Business Model
Subscription-based model with automation services for revenue operations and workflow optimization.
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