• FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Blockchain based P2P remittance app. Abra Tellers - Cash deposit/ withdrawl terminals and digital currency exchanger. Abra app is faster, easier and convinent way to transfer funds globally. Abra aims to send money across any two smartphones regardless of location, currency or mobile phone operator, just like WhatsApp does for messaging.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Cryptocurrency investors
EXISTING PARTNERSHIPS:
Codapay, Amazon Gift cards
COMMENT
Abra app notifies users about the details of exchange rates before they sending funds to the receiver's account.

PEOPLE

Board Members and Advisors:
Jonathan Bill, Wei Hopeman
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
HCM International, , Arbor Ventures, Jungle Ventures, Lerer Hippeau Ventures, RRE Ventures, IGNIA, American Express Ventures, First Round Capital, Carthona Capital, Blockchain Capital, Digital Currency Group, Future Perfect Ventures, The LAUNCH Fund, Liberty City Ventures, Nyca, Pantera Capital, MESA Ventures, Fenbushi Capital, Boost VC, Valor Capital Group, Proton Enterprises, Silicon Badia, Ratan Tata
KEY EMPLOYEES:
Bill Barhydt(CEO); Daryl Puryear(CTO)

TRACTION

VALUATION / MARKET CAP:
$173 MM in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$35 Millions
DATE OF LAST FUNDING:
Oct 2017
SEED & PRIOR FUNDING:
$2 Millions
SEED CLOSED ON:
Mar 2015
FUNDING SERIES:
SERIES A
$12 Million Closed: Sep 2015
SERIES B
$16 Million Closed: Oct 2017
COMMENTS
SERIES A : An undisclosed amount of funds were raised. SERIES B : An undisclosed amount of funds were raised.
LISTED:
NO

LATEST RESEARCH