open Cryptocurrency management platform, Today announced that it has raised US$55 million in Series C financing. This round of financing was led by IGNIA and Blockchain Capital. New investors include Kingsway Capital, Tiga Investments and Stellar Development Foundation.
New investments from existing investors include Lerer Hippeau Ventures, Amex Ventures, Arbor Ventures, RRE Ventures, CMT Digital Ventures and Kenetic Advisors. Several Abra Platinum customers also participated in this round of financing.
Abra’s Series C financing will enable the company to further expand its product team into new products for wealth management, trading and payment; expand its marketing team; and develop the company’s high net worth and institutional sales products.
Last year, Abra expanded its team, including recently establishing an over-the-counter trading platform and expanding its private customer service sales team in the Americas. Europe, And Asia.
In addition, Abra reports that its revenue has increased by more than ten times last year, while the asset management scale of its custody services Abra Trade and Abra Earn has increased from zero to $1 billion, with a default of zero.In addition, at the same time, Abra’s 155,000 monthly users have processed more than $4 billion in transactions
“I am proud of the achievements of the Abra team and we look forward to continuing to expand our platform and serving our customers as their trusted and compliant crypto banking platform.”
– Bill Barhydt, founder and CEO of Abra
Recently, Abra appointed Robert Valdes-Rodriguez as vice president of global sales to build private customer sales on three continents, Caroline Finch as vice president of growth and marketing to manage and expand global growth, and Deepak Ghosh as product director to manage global expansion Abra The product. Finally, Ben Iiams was recently promoted to vice president of trading and credit markets after establishing Abra’s cashier, trading and lending infrastructure a few years ago.