Abra Secures $16 Million

Fintech startup Abra closed $16 million in Series B financing. Eight investors participated in the round: Ignia Partners, Arbor Ventures, American Express Ventures, Jungle Ventures, RRE Ventures, Lerer Hippeau Ventures, HCM International, and Silver 8.

Abra is among the world’s first digital cash, peer-to-peer money transfer networks. Users can buy, sell, and hold Bitcoin, or send Bitcoin or Fiat to any Bitcoin wallet or other Abra user instantly and securely. The company uses Bitcoin and blockchain technology to enable users to transact in over 50 currencies.