Valiu
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Valiu was a Colombia-based blockchain remittance platform co-founded by CEO Simon Chamorro. It let users hold synthetic dollars backed by bitcoin and redeem them for Colombian pesos or Venezuelan bolivars, operating more than 30,000 on- and off-ramps across Colombia where cash, debit and credit cards and bank transfers could be used, with planned cross-border peer-to-peer payments and crypto lending and investing tools.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Valiu was founded in Colombia as a blockchain-based international remittance company, co-founded by CEO Simon Chamorro.
- Seed round
The company raised $5.25 million in seed funding — collected over about two years — at a $20 million valuation, led by Blockchange Ventures and Anthony Pompliano's Pomp Investments, with participation from Castle Island Ventures, Volt Capital and Nima Capital, to expand across Latin America.
- Product growth
Valiu expanded its network to more than 30,000 on-ramps and off-ramps in Colombia and explained its model of using bitcoin to power synthetic-dollar remittances into Venezuela.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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