Abra (company)
 | The topic of this article may not meet Wikipedia's general notability guideline. (April 2017) |
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| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2014 |
| Founder | Bill Barhydt (CEO) |
| Headquarters | , |
Area served | United States and Philippines |
| Services | Cryptocurrency wallet and exchange |
| Website | abra.com |
Abra is a financial services and technology company that operates an all-in-one cryptocurrency wallet and exchange app. The Abra app is available on both iOS and Android platforms and allows users to buy, sell, and hold 25 cryptocurrencies and 50 fiat currencies in one place. It supports multiple cryptocurrency assets.
Abra was founded in 2014 in the Silicon Valley by Bill Barhydt, a former software engineer for Goldman Sachs and former director of Netscape.[1][2]
In September 2015, the company received $12 million in Series A funding from an investment group led by RRE Ventures, First Round Capital, and Arbor Ventures.[1]
In March 2018, Abra added support for 20 new cryptocurrencies including Litecoin, Ether, Vertcoin, Bitcoin Cash and Stellar.[3]
In June 2018, Abra was listed in the Wall Street Journal as one of the “Top 25 Tech Companies to Watch in 2018.[4]
In July 2019 the app was forced to change the way it delivers its services to U.S. customers in order to comply with U.S. regulations.[5]
References
- ^ a b Tepper, Fitz (10 September 2015). "Abra Raises $12M In Series A Funding For Its Bitcoin-Based Remittance Service". TechCrunch. Retrieved 11 March 2017.
- ^ Eugenios, Jillian (9 June 2015). "Your bank account: The next thing to go obsolete". CNN. Retrieved 11 March 2017.
- ^ "Abra adds 20 cryptocurrencies to its wallet app". TechCrunch. Retrieved 2018-07-12.
- ^ Pettit, Dave (2018-06-12). "WSJ Top 25 Tech Companies to Watch 2018". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-07-12.
- ^ Palmer, Daniel (2019-07-26). "Abra App to Restrict Services for US Users Over Regulatory Issues". CoinDesk. Retrieved 2019-09-12.