Abra, a Mountain View, Ca-based digital wallet that supports bitcoin, raised $16m in Series B funding.
Backers included HCM International, Silver8 Capital, Ignia, Arbor Ventures, American Express Ventures, Jungle Ventures, Lehrer Hippeau Ventures and RRE Ventures.
The company, which has raised $35m in total funding, intends to use the capital to expand operations and continue to develop the platform.
Founded by Bill Barhydt, a serial entrepreneur with over 20 years of payment experience, Led by Abra operates a smartphone-based wallet to buy, sell, store, or send fiat currencies or bitcoin. The wallet is accessible via a bank account or a global network of cash tellers.
The company also operates an office in Manila, Philippines.