A fast, safe, and stable digital payment platform that can pay to any mobile phone number at a cost much lower than the current level. Your mobile phone number is your bank account. You can earn cryptocurrency on your smartphone and send payments to anyone anywhere.

Celo is pronounced /ˈtselo/, which means "purpose" in Esperanto. In a similar spirit, the goal is to create a new platform to connect people around the world and create conditions for those who need financial stability the most.

Celo officially launched the "DeFi for the People" alliance collaboration project, which will provide more than $100 million in funds for publicity, funding and incentive measures, including Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, Moola Founding partners including Market, and education and infrastructure partners including Chainlink, RabbitHole, The Graph, and Wrapped.com. The Celo Foundation and partner foundations will each provide half of the funds for the incentive project, aiming to realize the use of DeFi on the mobile side.