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's solutions include a control panel to create a local currency, invite businesses and new members, and track economic data; a mobile app to send and receive payments, monitor balance, and explore the local economy; and merchant tools to accept payments, manage transactions, and distribute local currency.
Colu's investors include IDB Group, Spark Capital, Digital Currency Group, BoxGroup, and Aleph.