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DeFi Platform Celo Raises $20M in New Funding Round, Launches Payment App Valora Feb 11 2021 · 10:20 UTC | Updated Feb 11 2021 · 10:28 by Benjamin Godfrey · 3 min read Photo: The Celo Blog You have successfully joined our subscriber list. One of the hallmarks of the achievement of the cLabs, the development arm of Celo, is the launch of the Valora app, the first mobile peer-to-peer payments and remittance app built on the Celo platform. Decentralized Finance (DeFi) payments platform Celo has announced a successful $20 million fundraiser, bringing the total funds raised by the startup to $65 million. According to the official announcement, the latest funding round was backed by Andreessen Horowitz (a16z), Greenfield One, and Electric Capital. These latest investors join Celo’s earlier investors such as Coinbase Ventures and Jack Dorsey who saw the potentials in the projects earlier. Celo has also revealed the launch of its Valora app. ....
Press release content from PR Newswire. The AP news staff was not involved in its creation. Celo Receives Additional $20 Million In Institutional Backing Amid Launch Of Global Payments Application And Exponential User Growth February 10, 2021 GMT SAN FRANCISCO, Feb. 10, 2021 /PRNewswire/ Celo, an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone, today announced $20 million in new backing from purchasers and partners including Andreessen Horowitz, Greenfield One, and Electric Capital. To date, Celo has garnered more than $65 million from backers including Polychain Capital, Reid Hoffman, Jack Dorsey, Coinbase Ventures, Social Capital, Dragonfly Capital, Version One Ventures, SV Angel, and Valor Capital, among others. ....
Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Facebook Diem competitor Celo raises $20m; targets remittances 10 February 2021 5 Celo, the open-source blockchain payments outfit taking on the Facebook-led Diem, has received $20 million in backing from Andreessen Horowitz, Greenfield One, and Electric Capital. Celo is building an ecosystem focused on financial services DeFi systems and tools accessible to anyone with a smartphone. Over the last few years, the Celo community has developed a mainnet, native asset, a stablecoin, and a mobile payments app. So far, more than two million transactions have run across the Celo network. ....