Overview
- Valora founder Jackie Bona announced that the entire team will join Stripe, a move the company confirmed as adding wallet and onchain tooling expertise.
- The Valora app and its intellectual property are being transferred back to cLabs, which will keep the mobile wallet operating for users.
- The announcement comes one day after Stripe opened the testnet for Tempo, its stablecoin-focused payments blockchain developed with Paradigm.
- Stripe’s crypto buildout has recently included acquisitions of stablecoin infrastructure firm Bridge and wallet app Privy.
- Valora spun out of cLabs in 2021 with $20 million in funding and built a multi-chain mobile wallet; Stripe has not disclosed the team’s specific assignments.