Abra, a digital wallet based on bitcoin has secured $16 million in Series B funding, the news was made public today by Bill Barhydt, CEO of Abra. The investors were Foxconn’s venture subsidiary HCM International, Silver8 Capital, Ignia, Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE. According to the CEO, this puts Arba at over $35 million in total funding to date with the close of the Series B.
Mr. Barhydt said that in speaking recently with Jack Lee, Founding Managing Partner, HCM he said, “we believe that Abra represents the future of digital payments and banking. Abra’s vision for a decentralized network of people, merchants and consumer devices all connected via Internet-based open blockchain technology can usher in a new era of financial inclusion and access to capital for billion of consumers.”
Founded in 2014 in Saratoga, California, Abra is a bitcoin-based digital wallet app for mobile iOS and Android smartphones. With Abra, users can quickly and easily buy, sell, send, and store bitcoin.
Abra Features Include:
- Buy Bitcoin – use a bank account, Amex, or cash to fund an Abra wallet and convert it into bitcoin.
- Store Bitcoin – Abra automatically creates a mobile bitcoin wallet for users. It’s a non-custodial wallet, and only the user will have the key.
- Send Bitcoin – use the Abra wallet to send bitcoin, receive bitcoin, or even pay merchants who accept bitcoin – anywhere in the world.