Happy to let you know that we’ve passed $35 million in total funding to date with the close of our our Series B round at $16 million. We’ve added some great investors including Foxconn’s venture subsidiary HCM International, Silver8 Capital, and Ignia. These three new investors are joined by existing Abra investors Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau and RRE.
I believe we are in phase one of a new era of digital currency based banking. This new era will democratize access to capital, access to basic financial services and ultimately access to capitalism. We are helping bring this new era to life and we couldn’t be more excited that our investors share our vision for the future and we look forward to partnering with them to make this vision a reality.
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.”
If you will be at Money2020, please join my session today where I’ll dive into the pillars of Abra’s vision for the future of bitcoin as the basis for digital banking, namely: payments, global investing, and asset finance. I’ll show how consumer asset finance will be reinvented at a global scale to create a new trillion-dollar industry that doesn’t exist today. I plan to share much more on this once I return from Money2020.
Thank you for all of your support!