Colu is dedicated to making cities thrive, using everyday interactions to drive social and economic progress. Our app encourages local payments while rewarding positive actions with City Currency. Powered by innovative technology, Colu connects people, businesses and city institutions. Already operating in 4 cities, Colu generates shared prosperity to benefit everyone.

Colu is a new startup that creates local currencies for smart economies using Blockchain technology. The Tel Aviv, Israel-based startup was founded in December 2014 by Amos Meiri, David Ring, Mark Smargon. Their mission is to change the way we create and use money. By giving people the ability to exchange digital cash directly with one another we are encouraging sustainable and equitable economic growth while supporting local businesses. Colu believes that real change begins at the local level. Through the use of local currencies, more people shop local, eat local, buy local, and live local, strengthening the local economy, and keeping the control of money in everyone’s hands. With a strong and inclusive local economy, people feel more connected to one another, increasing social responsibility and social capital. The startup has raised a total of 26.6 million

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Additional Details

  • Blockchain Technology:Ethereum
  • Use of blockchain:Payments and Money Transfers
  • SDG#:1, 2, 12
  • Whitepaper:Read on website
  • Other links:medium.com
  • Fundraising:IEO/ICO
  • Stage: Live or in Production
  • Organization Type:Start-up
  • Target group:B2C, B2Government
  • Servicing area:Global
  • Blockchain Technology:Ethereum
  • Use of blockchain:Payments and Money Transfers
  • SDG#:1, 2, 12
  • Whitepaper:https://cln.network/wp-content/uploads/pdf/cln_whitepaper.pdf
  • Other links:https://medium.com/colu/everyday-payments-with-crypto-is-closer-than-you-think-99a66256d449
  • Fundraising:IEO/ICO
  • Stage: Live or in Production
  • Organization Type:Start-up
  • Target group:B2C, B2Government
  • Servicing area:Global
  • Founders:Amos Meiri, David Ring, Mark Smargon
  • Female Founder:No
  • Impact-first:Yes
  • Creation Year:2014
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