Abra (company)

Last updated
Abra
Company type Private
Industry Financial services
Founded2014
FounderBill Barhydt
Headquarters
Mountain View, California
,
US
Area served
Worldwide
Key people
Bill Barhydt (CEO)
Services Cryptocurrency wallet, exchange, yield and lending
Website www.abra.com

Abra is a cryptocurrency wallet and exchange, and digital asset services company with offices in several countries. Its offerings include Abra Private, an SEC-registered investment advisory service for high-net-worth investors and family offices; Abra Prime, a prime broker for digital asset trading, lending, and derivatives; and Abra Treasury, which enables companies to add Bitcoin and digital assets to their corporate treasury. [1]

Contents

History

Abra was founded in 2014 in the Silicon Valley by Bill Barhydt, a former fixed income analyst for Goldman Sachs and former director of Netscape. [2] [3]

In June 2018, The Wall Street Journal listed Abra among its "Top 25 Tech Companies to Watch in 2018". [4]

In September 2021 Abra announced that it had raised an additional $55M in Series C funding bringing its total raised to date to over $85M. Investors in the financing included American Express Ventures, Blockchain Capital, Kingsway Capital and CMT Digital Ventures. [5]

Abra and Barhydt started the YouTube series Money Talks. Interviews have included MicroStrategy CEO and Bitcoin supporter Michael Saylor, Ethereum founder Vitalik Buterin, Bitcoin Cash supporter Roger Ver, Zcash creator Zooko Wilcox, Bitwise CEO Hunter Horsley, and venture capitalists Tim and Adam Draper.

In 2021 Forbes named Abra one of its next Billion-Dollar Startups. [6]

References

  1. ↑ Abra. "Abra | Crypto Wealth Management". Abra. Retrieved March 17, 2022.
  2. ↑ Tepper, Fitz (September 10, 2015). "Abra Raises $12M In Series A Funding For Its Bitcoin-Based Remittance Service". TechCrunch . Retrieved March 11, 2017.
  3. ↑ Eugenios, Jillian (June 9, 2015). "Your bank account: The next thing to go obsolete". CNN . Retrieved March 11, 2017.
  4. ↑ Pettit, Dave (June 12, 2018). "WSJ Top 25 Tech Companies to Watch 2018". The Wall Street Journal. ISSN   0099-9660 . Retrieved July 12, 2018.
  5. ↑ Harty, Declan (September 15, 2021). "Crypto wealth management startup Abra raises $55 million in heat of digital asset boom". Fortune. ISSN   2644-2906. Archived from the original on September 15, 2021. Retrieved September 15, 2021.
  6. ↑ Feldman, Amy. "Next Billion-Dollar Startups 2021". Forbes. Retrieved February 4, 2022.
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