Celo

Payments
Celo header

Celo

Payments

Blockchain decentralised payment platform

United States, San Francisco
$37M
Total amount raised
2017
Year of establishment
Active
Status

About

Hi we’re Celo!


Celo is an open decentralised platform that enables fast and secure digital payments for anyone with a mobile phone. The Celo project was launched by cLabs in 2017 and has a strong aim on inclusion and creating prosperity for all.

Besides enabling fast payments at low costs, Celo aims to provide a frictionless user experience by linking a user’s cryptographic address to a phone number. In this way, the whole process of sending money is simplified because it allows people to send value to each other using only a phone number.

The Celo protocol is powered by two different digital assets called cUSD (Celo Dollars) and CELO. Celo is built on Ethereum and Celo’s digital assets are ERC-20 tokens.

Key objective

build a financial system that creates the conditions for prosperity—for everyone.

Slogan / Motto

A platform for fast, secure, stable digital payments

Use cases

Payment Platform
Stablecoins
Payment Gateway
Digital Currencies
Cross-border payments

Team

Team members

Charlotte Schmiegel Chief of Staff

Responsibilities

Multi-lingual business professional with experience in Business Development, Account Management (B2B) and Operations in SaaS. Profound creative and analytical skills, performance–driven and innovative.

Marek Olszewski Partner, Engineering

Responsibilities

I'm interested in solving hard technical problems in service of great product experiences. To that end, I'm a partner at cLabs, one of the companies working on Celo, a mobile-first permissionless platform that makes financial tools accessible to anyone with a mobile phone. Previously, I started Locu out of MIT, a venture-backed company that was acquired by GoDaddy. My past research includes work on deterministic multithreading and transactional memory for which I received a 2011 Facebook Fellowship. I've also worked at Microsoft Research, Google and Sun Labs. I'm also an active angel investor and advisor to 30+ startups.

Rene Reinsberg Co-founder

Customers / Partners

Products

Tokens

Celo
Celo
($CELO)
Type
Stablecoins
Token standards
ERC-20
Price
$1.77
Market Cap
$0.00
Celo Dollar
Celo Dollar
($CUSD)
Type
Stablecoins
Token standards
ERC-20
Price
$0.00
Market Cap
$0.00

Funding

Received funding
$36,500,000
Total amount raised
3
Rounds
14
Total amount of investors
Amount Raised
Funding type
Funding round closing
Investors
$30,000,000
Series A
Andreessen Horowitz
Polychain Capital
N/A
Incubator/Accelerator
Google for Startups Accelerator
$6,500,000
Seed
Andreessen Horowitz
Arianna Simpson
Coinbase
General Catalyst
Jack Dorsey
Lakestar
Linda Xie
Naval Ravikant
Polychain Capital
Reid Hoffman
Social Capital

News

Deutsche Telekom invests in the mobile-focused public blockchain Celo

German telecommunications company Deutsche Telekom has invested in the public blockchain network Celo, the firm announced Tuesday.  The post Deutsche Telekom invests in the mobile-focused public blockchain Celo appeared first on The Block.


a month ago


Investment
Celo

Deutsche Telekom invests in mobile DeFi platform Celo

Deutsche Telekom has become the first telecom firm to join the Celo Alliance for Prosperity.


a month ago


Partnership
Investment
Celo

Phone Giant Deutsche Telekom Invests in Celo's Crypto Network

In a first for the telecom industry, phone giant Deutsche Telekom is investing in crypto infrastructure.


a month ago


Investment
Celo

Former Citigroup Chair Dick Parsons Joins Board of Crypto Firm Celo

Parsons' arrival at Celo is significant thanks to his extensive experience as a senior bank executive.


a month ago


General news
Citigroup Global Markets Japan Inc.
Citigroup Inc.
Celo

Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange

The hybrid blockchain maker said it is collaborating with fintech firm Celo to on-board its stablecoin, cUSD, to Kadena’s platform using a trustless bridge.


5 months ago


Product update/release
Kadena
Celo