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DateInvestorsAmountRound
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$12.0m

Series C
Total Funding$12.0m

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Abra is a financial technology company that has developed a user-friendly mobile app designed to make cryptocurrency investing accessible to everyone. The app allows users to buy, sell, and exchange over 100 different cryptocurrencies, including Bitcoin and Litecoin, from a single platform. Abra leverages multi-signature (multi-sig) technology to create secure investment contracts, enhancing the safety and reliability of transactions. The app also supports stablecoin deposit and withdrawal options, providing users with a versatile and comprehensive tool for managing their digital assets. Abra primarily serves individual investors looking to diversify their portfolios with cryptocurrencies. Operating in the rapidly growing cryptocurrency market, Abra's business model revolves around transaction fees and exchange spreads, generating revenue each time users buy, sell, or exchange assets within the app. The company aims to democratize access to cryptocurrency investments, making it simple and affordable for everyone to participate in the digital asset economy.

Keywords: cryptocurrency, multi-sig technology, mobile app, digital assets, Bitcoin, Litecoin, stablecoin, portfolio management, transaction fees, exchange spreads.