Colu is a digital wallet that uses blockchain technology to localize currencies. Colu's digital wallet app makes it easy and convenient way to pay instantly from your mobile phone while empowering local businesses in your city.
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.
Colu was founded in Dec 1, 2014 by Amos Meiri, David Ring & Mark Smargon and they are based in Tel Aviv, Tel Aviv, Israel.
Colu has raised a total amount of $26.6M in 3 funding rounds as of Dec 13, 2017 when the company secured their Series B funding of $14.5M from IDB Group.