Abra

 Basics

• Started in: 2014
• Based in: Mountain View, California
• From Cointelegraph (18-5-2020):

"Abra is a technology and financial company that provides peer-to-peer (p2p) blockchain-based mobile payment services. Abra is a decentralized investment platform that allows users to use their cryptocurrency as collateral to create synthetic assets. Abra’s synthetic asset model leverages smart contracts enabled with Bitcoin (BTC) and Litecoin (LTC). Before the company implemented Litecoin as the main cryptocurrency for their services in 2018, Bitcoin used to be the main digital currency for transaction processing. Abra, as a blockchain-based application, mostly specializes in storing cash deposits that are available with the Abra wallet, which provides cash transfers between two mobile devices. For that, there are Abra apps available for both iOS and Android. Bank accounts are generally not required in most countries."

History

• From Decrypt (13-7-2020):

"SEC and CFTC strike crypto investment platform Abra, which lets users trade tokenized versions of stocks. SEC claims that Abra was offering unregistered securities. Abra must pay $300,000 in fines. Abra also agreed to stop offering tokenized stocks, which were the products that made the California-based startup stand out within the crypto space. Now, Abra is back to being a plain ol’ crypto investment platform and wallet."

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].

Roadmap

• Can be found [Insert link here].

Team, investors, Partners

Team

• Full team can be found [here].
• Bill Barhydt; CEO

Funding

• Abra turned out to have another link with Stellar... Both had millions parked at Genesis at the time of it's collapse, for Abra it was $30M (20-1-2023).
• Abra has received (6-5-2020) $5 million in funding from the Stellar Development Foundation. The company now looks to incorporate the Stellar blockchain into its platform, as well as develop Stellar-based products. 
• From The Block (15-9-2021):

"Abra has closed a $55 million Series C fundraise a little over a year after settling charges with U.S. regulators. New investors such as Kingsway Capital, Tiga Investments and the Stellar Development Foundation also joined the round, alongside existing backers including Amex Ventures and CMT Digital Ventures. Founded in 2014, Abra has now raised $85 million to date."