Payments giant Stripe acquires team from crypto wallet app Valora

Stripe has hired Valora’s builders to work on its crypto initiatives, as the wallet’s app shifts ownership back to Celo’s cLabs. 

Payments giant Stripe has acquired the team from crypto wallet firm Valora, just a day after launching its testnet for its stablecoin-focused blockchain project Tempo.  

According to Valora CEO Jackie Bona, the acquisition will see the Valora team join Stripe and work on the firm’s blockchain initiatives.

Valora was founded in mid-2021 after spinning out of Celo development group cLabs and raising $20 million in Series A funding in the process. 

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