The Celo Foundation distributes $ 700,000 to 13 startups
The Celo Foundation distributed $ 700,000 through his Funding program to strengthen its ecosystem and improve financial inclusion.
The Celo Foundation, the foundation responsible for network development Celoannounced that it had received more than 50 applications, and then selected the 13 startups that are most focused on growing its ecosystem.
Including 5 young shoots that offer financial services according to the Celo protocol, namely Beam & go, eSolidar, LoveCrypto, Pay with the moon and SaldoMX.
There are also 7 other companies that contribute to the development of the Celo network: Choir one, Forbole, Gitcoin, Stake.fish, Figment, Glove and Chainsafeand the New York incubator Blockchain for social impact.
Selected entities provide the building blocks to strengthen the protocol Celoprovide better access to financial services or develop programs to educate the Celo community ”; wrote The Foundation.
Last month the foundation announced the establishment of the Celo Alliance for Prosperity. Around fifty companies, including several members of the Libra Association, have joined the initiative.
In 2019 Celo raised $ 30 million during a round of financing from a16z Crypto and Polychain Capital.