Celo

Build a monetary system that creates the conditions of prosperity — for everyone

Celo, pronounced /ˈtselo/, means ‘purpose’ in Esperanto. In a similar spirit, we are aiming to create a new platform to connect people globally and bring financial stability to those who need it most. We believe blockchain technology is one of the most exciting innovations in recent history and as a team we look to push the boundaries of what is possible with it today. More importantly, we are driven by purpose -- to solve real-world problems such as lack of access to sound currency, or friction for cash-transfer programs aimed to alleviate poverty. Our mission is to build a monetary system that creates the conditions for prosperity for all.

Three Pillars of Celo's Culture

Self-management, wholeness, and evolutionary purpose

We’re guided by these practices and each new employee expands our culture. To reflect those we serve, we want to build a team comprised of diverse perspectives and experiences.

Our Technology

Celo aims to remove the barriers for large-scale adoption of cryptocurrencies as means-of-payment. The first application launching on our platform is a social payments and money transfer app, aimed at developing markets.

Mobile-First Currencies

Celo makes sending payments as easy as sending a text, to anyone anywhere. Celo maps phone numbers to wallet addresses using a novel decentralized address-based encryption algorithm. Mobile participants can earn rewards for securing and maintaining the system.

Stable Cryptocurrency, Backed by a Reserve

Celo has stable tokens pegged to fiat currencies, like the US Dollar, to minimize volatility. Tokens in circulation are backed by a diversified, overcollateralized, and publicly auditable crypto-asset reserve.

Secure, Proven Platform

Celo’s core technology is based on the same proven distributed ledger technology that powers Bitcoin and Ethereum and allows for the issuance of efficient digital currencies that are secure, immutable, non-counterfeitable and interoperable.