cLabs

cLabs is the technology company behind the Celo blockchain, with offices in San Francisco, Berlin, and other locations around the world. The company specializes in building core products, tools, and reference implementations for the Celo ecosystem, with a focus on mobile optimization and real-world applications.

One of cLabs’ key achievements is the development of the Valora mobile app, designed for peer-to-peer payments and remittances on the Celo platform. In addition, the company acquired Summa, a leader in cross-chain architecture, to develop bridges between Celo and other blockchains, expanding interoperability and connectivity.

cLabs is actively involved in Celo’s transition from an independent layer-1 blockchain to a layer-2 solution on Ethereum, using the Optimism OP stack. This move is aimed at improving the network’s performance and scalability, as well as tighter integration with the Ethereum ecosystem.

The company is committed to transparency and collaboration, developing its products in the public domain and supporting open-source licenses. cLabs is also a member of the Alliance for Prosperity and collaborates with many global organizations, including the World Bank and the World Food Program.

As such, cLabs plays a key role in the development of the Celo ecosystem, offering innovative solutions for a sustainable digital economy and striving to create a more inclusive and accessible financial system.