Bitcoin Startup Abra Remains Quiet After Series A Funding
Abra is just one of the many Bitcoin startups to rake in a lot of funding, but having very little to show for it. Various Bitcoin companies and startups have received significant amounts of funding over the past few years. This seems only normal, as the technology and protocol making up the Bitcoin network can be of great value to people and companies all over the world. Abra is one of the companies seeing a lot of funds flowing in, even though they still don’t have a working prototype of their smartphone app. For some reason, they made it to the Angellist top startup list. When the....
Related News
Abra is gearing up to release its bitcoin-powered remittance app in the next few weeks, pending final approval from the Apple App Store. The company, which recently closed a $12m Series A funding round, has announced its remittance app will be first available to customers in the US and the Philippines, with other countries in the pipeline over the weeks and months ahead. Today, Abra also unveiled two previously undisclosed investors in its funding round: American Express, by way of its venture arm American Express Ventures, and Ratan Tata, a well-known Indian business magnate.....
Abra, the startup developing a bitcoin powered remittance app, has raised just over $12 million in new funding. The Series A round drew support from a large number of investors including Arbor Ventures, RRE Ventures and First Round Capital. Combined with previous capital raised during a seed round, the startup has netted more than $14m in investment to date. The company plans to use the new funding to further develop the functionality of its remittance app as well as support efforts to expand the reach of its service. In a statement, Jim Robinson, general partner at RRE Ventures and a....
Bitcoin remittance app Abra recently confirmed raising $12 million in a new venture financing round. The Series A round drew support from noted investors like Arbor Ventures, RRE Ventures and First Round Capital. Other investors that took part in the funding are Blockchain Capital, Digital Currency Group, Liberty City Ventures, etc. The total valuation of Abra, upon receiving the new funds, has now reached $14 million. Announced in March this year, Abra is a brainchild of a seasoned technology entrepreneur Bill Barhydt. The former Netscape director said during the launch that he is looking....
After months of small-scale testing in the Philippines, blockchain payments app Abra launched in the US market today. The expansion comes after CoinDesk learned details of an aggressive expansion plan in place at the startup, which to date has garnered $14m in venture funding to expand to more than 20 markets by 2017. The firm raised $12m in a Series A funding round last fall. CEO Bill Barhydt, a former director for web browser Netscape, pointed to the US market as "the hub" from which the startup plans to connect to other markets worldwide, a factor that made it the next logical....
Abra on Wednesday announced that it will soon launch its blockchain-based remittance app in the US and Philippines markets. The app, which recently raised $14 million in Series A Funding, also discussed its plans to add more countries to its portfolio in coming months. If it is to happen as predicted, Abra will enable millions of people to transfer digital cash more swiftly and accurately than the traditional banking methods. The remittance company also unveiled the name of its two "secret" investors from the Series A round: renowned multinational finance company American Express and Ratan....