Stripe, a payments company, welcomed the team behind Valora, a crypto wallet app, to support its blockchain efforts.
The Valora app will continue operating under cLabs, the Celo development group, while its creators join a payments platform project.
The acquired team built Valora after spinning off from cLabs in mid‑2021 and secured $20 million in Series A funding. The mobile wallet supports stablecoins and assets on Celo, Ethereum
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Valora’s CEO, Jackie Bona, explained in a post on X that the collaboration stems from shared beliefs on expanding financial access via stablecoins and crypto.
Bona said, “Through this work, we’ve seen firsthand how access to stablecoins and crypto rails can expand economic opportunity. In the past few months, it became clear that we could accelerate this mission by joining Stripe, one of the world’s leading financial infrastructure platforms”.
Bona emphasized that adding the Valora team to Stripe would combine Web3 with a platform that has a very wide audience reach.
Valora recently created an open protocol platform that serves as a launchpad for Web3 applications, optimized for a mobile-first experience.
Meanwhile, Stripe revealed a testnet for its stablecoin-focused blockchain platform, Tempo, on December 9. How does it work? Read the full story.
