The Celo startup closed a $20 million funding round with participation from the major venture capital firm Andreessen Horowitz (a16z) and Greenfield One and Electric Capital.
The project has also launched a peer-to-peer payments and mobile transfers app on its own platform. According to пресс-релизу, Valora enables global transactions in seconds at a fee of $0.01.
“When we started supporting Celo two years ago, we saw the opportunity to build a global, comprehensive payments platform that anyone with a smartphone could use to send, receive and store money,” said Katie Haun, General Partner at a16z.
In 2019, Celo closed a $30 million funding round with support from Andreessen Horowitz and Polychain Capital. In 2020, the blockchain startup raised $10 million in a token sale.
Funding for the project has surpassed $65 million, including investments from Jack Dorsey and Coinbase Ventures.
As previously reported, an alliance of 50 firms, including Coinbase Ventures, Andreessen Horowitz and Anchorage, plans to build mobile financial applications on the Celo blockchain.
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