The team at Valora has noted that they are starting their next chapter of business growth and product development. The Valora team will be joining Stripe, marking a key milestone in their stated mission to effectively unlock access to financial opportunity for consumers across the globe.
As mentioned in a blog post, they claim to have founded Valora on a core belief and mission: everyone should be able “to create and share value without barriers.”
For consumers throughout the world, existing financial systems tend to remain mostly inaccessible and are fragmented as well, thus significantly limiting participation in the fast-growing digital economy.
Valora noted in the update that they set out to “help change that by trying to make it easier for anyone to move financial value, access digital assets, and save, all from your mobile phone.”
Over the past few years, Valora has become a “way to send, save, and use digital assets with ease, demonstrating that global money movement can be better and more inclusive.”
Through this work, they’ve seen how access to stablecoins and crypto rails may considerably “expand economic opportunity.”
In the past few months, it reportedly became clear to them that they “could accelerate this mission by joining Stripe, one of the financial infrastructure platforms.”
Stripe shares their conviction that stablecoins and crypto can “expand who gets to participate in the global economy.”
They also saw overlap in shared values “for impact in their conversations with the Stripe team.”
By bringing Valora’s team to Stripe, they’ll be able “to contribute our expertise in web3 and user-first experiences to a platform with unparalleled reach.”
Joining Stripe allows their professional team to continue “to pursue the mission of expanding global access to financial systems.”
As clarified in the update, the Valora app will continue to live on “by returning to its original home at cLabs, which will steward its future development.”
Over four years back, they had spun out of cLabs and throughout that time they’ve “stayed aligned with their broader community.”
The firm concluded that as they enter this next phase of steady growth, it’s now appropriate that the app returns “to the team best positioned to support its continued growth.”
