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
Beehive, a peer to peer lending (P2P) platform, has secured $5 million in investment as part of a Series A round led by Riyad TAQNIA Fund. The round was supported by the Mohammed Bin Rashid Fund, the financial arm of Dubai SME, as well as
Fintech startup Prosper Marketplace closed $50 million in financing from FinEX Asia. Prosper is a people-to-people lending marketplace with more than $10 billion in funded loans. The platform allows people to invest in each other in a way that aims to be financially and socially rewarding.
Coinflo.me is a cryptocurrencies web app that works like Venmo for Bitcoin. Venmo is a free mobile app that lets users make and share payments with friends, to easily split the bill, cab fare, and more. Coinflo.me users can conduct the same functions as Bitcoin,