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"Change the world" is an overused phrase. When every other organic meal delivery app says that's what they're doing, you have to wonder if those words have lost their meaning. And yet...
Everybody uses money. Whether it's cash or with a credit card, kept in a bank or under a mattress, money enables the transfer of goods and services that improve people's lives. But the systems by which we transfer money have evolved very slowly. Why is it easy to send money from the US to the Philippines but very slow and expensive to send money the other way around? Why do so many people in so many developing countries have smartphones to access the internet, but no way to purchase goods online simply because they can't get a credit card?
Money today is inefficient. And inefficiencies mean that things take longer and cost more than they need to. Quite often, these costs are borne by people who can least afford them. And it doesn't have to be that way.
At Abra, we're making cash digital. By enabling anyone with a smartphone to send money to any other smartphone in the world as quickly and easily as they send a text message, we're creating a direct peer to peer model that doesn't even require a bank account to participate. We've cut out a lot of the middlemen that slow things down. In payments terms, we're building our own "rails", making it both faster and less expensive to send money to friends and family, or to buy things online. And doing it all from a single app.
We use Bitcoin and the blockchain to digitize currency and ensure safe transactions in a way that wasn't possible even a few years ago. It's a complex process in the back end but we keep the front end dead simple, because we're dedicated to making the end user experience as easy as possible.
Abra is an early-stage well-funded venture-backed company. Our VCs include First Round Capital (early investors in Uber), American Express Ventures, Ratan Tata, and a long list of leading financial services investors from around the world. See our About Us page for more background. Our small team size means you'll be able to make a big impact, while our funding will give you the runway to do just that.
The market is huge. Solving this challenge isn't easy -- after all, if it were, everyone would be doing it. But if we succeed, it will be transformative.
Will we change the world? With your help, we just might.
Current Job Openings at Abra