According to Foresight News, Celo has announced the launch of Credit Collective, led by Flori Ventures co-founder Tomer Bariach. The Celo community voted to provide 2 million cEUR in funding for Credit Collective, based on a governance proposal put forth by Tomer Bariach. The funds will be used to support the ongoing operations of credit projects and the deployment of new RWA solutions on Celo.