The Bitcoin remittance application Abra got A round investment of $12 million few days ago.
It is said that the investors included Arbor Ventures、RRE Ventures and First Round Capital.
Plus the fund of seed round, the start-up has got investment of over $14 million.
According to the plan, with this fund Abra decided to develop its application further and extend its service range.
The Co-founder of Abra (Jim Robinson) expressed that the company is fully utilizing the potential of Bitcoin technology to reduce the rub in financial service.
He add: This is about how the technology can solve the issues of customers globally, even though they have no idea what the blockchain is.
It is said that Abra’s first show is at Launch Festival 2015. It uses Bitcoin as its back-end infrastructure but settle funds through USD.