Abra

remittancesmobile/online remittancepaymentsp2p paymentsblockchain

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 19/01/2021

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About

Abra is an all-in-app where you can buy, sell, and hold 30 cryptocurrencies, 50 fiat currencies, and the first of its kind crypto index (the BIT10). Our vision is an open, global financial system that is easily accessible by everyone, everywhere.Founded in 2014 by Bill Barhydt, serial entrepreneur and global mobile-banking veteran, our team is based in Silicon Valley and committed to forever changing how the world moves money. And we're hiring: http://bit.ly/AbraCareersLICP

MEDICI Analysis

Abra is a bitcoin powered digital wallet that allows people to send money for free from their bank accounts, is now available in the U.S. and the Philippines. Users can deposit money into the app either via a linked bank account or by Abra Tellers then funds converted into bitcoin and it transfer to receiver bank's account or nearer to their Teller point.

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

The company generates revenue by charging a .25 percent fee to a user whenever they transacts with an Abra Teller, and by charging a small fee to the counter-parties involved with the smart contracts.

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.

Traction

VALUATION / MARKET CAP:

$173 M in 2015

COMPANY TYPE:

For Profit

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

89,126

AVERAGE VISITS (6 MONTHS)

78,284.6

MONTHLY VISITS GROWTH

5.78%

VISIT DURATION

1,453

VISIT DURATION GROWTH

961.28%

PAGE VIEWS VISIT

2.01

PAGE VIEWS VISIT GROWTH

-10.82%

BOUNCE RATE

62.02%

BOUNCE RATE GROWTH

2.83%

GLOBAL TRAFFIC RANK

365,835

MONTHLY RANK CHANGE

-77,091

MONTHLY RANK GROWTH

-17.4%

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