Hi TrueFi Community!
Good day! We are from Abra, a venture-backed startup founded in Mountain View, CA, building an easy-to-use crypto investing app.
Here’s a brief background of us: we were founded in 2014 by Bill Barhydt, a serial entrepreneur with over 20 years of payment experience. Our vision is straightforward - to build an open, global financial system that is easily accessible to everyone.
We are backed by a number of leading investors including American Express, RRE Ventures, Arbor Ventures, HCM (Foxconn), and others.
Now in our 6th year, we are a team of 25 (and counting!) and have extended our reach worldwide. We serve users in more than 150 countries with the opportunity to invest in hundreds of cryptocurrencies via a single app, and the ability to buy, sell, hold, exchange and transfer them anywhere, anytime. We have launched Abra Trade, Earn, and Borrow, and are working hard to build the crypto banking app that users around the world want.
We are looking to obtain a loan for facilitating liquidity in the Abra Earn and Abra Borrow products. These funds would boost liquid reserves, with the benefit of assuring faster settlement times across our system. To date, Abra has served 1+ million downloaded users, several billion dollars worth of trades for individuals, and over $500 million worth of loans to qualifying borrowers.
Should you have any questions or clarifications, we’d be glad to answer and give clarity to them - we are excited to dive in and become members of this community!