Baluwo Financial Services S.L.
Latest round
- Seed
Last raised
- Jan 2020
Total raised
- $2.8M
Investors
- 5
About Baluwo Financial Services S.L.
L.L. provides a platform for facilitating financial transactions for the diaspora.Baluwo provides a comprehensive mobile application designed to support the diaspora community by consolidating essential services into a single platform. Their core offerings include money transfers, mobile top-ups, and electricity meter recharges, catering specifically to individuals seeking to assist family members in Africa and America. The app enables users to send money internationally, with the first transfer free of charge, making it an accessible option for remittances. Additionally, users can recharge mobile balances and purchase internet credits directly through the app, facilitating seamless communication for those in their home countries.10 for the same year. The company earns revenue through transaction fees associated with its services, such as money transfers and mobile recharges. The business operates primarily on a B2C model, where users conduct direct transactions via the app, incurring a nominal fee for transfers after the complimentary first transfer.L. The company aims to develop new impact services, particularly in health and education, to attract more migrants. Baluwo intends to penetrate additional markets in Europe and North America by the end of 2023, focusing on regions with significant diaspora populations seeking improved financial connectivity.
Who invested in Baluwo Financial Services S.L.
5 investors across 4 rounds
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Questions about Baluwo Financial Services S.L.
Who invested in Baluwo Financial Services S.L.?
Baluwo Financial Services S.L. has 5 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Baluwo Financial Services S.L. raised?
Baluwo Financial Services S.L. has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Baluwo Financial Services S.L. last raise money?
Baluwo Financial Services S.L.'s most recent round on record is a Seed, in Jan 2020.
What does Baluwo Financial Services S.L. do?
Baluwo Financial Services S.L. is a internet company.
Where is Baluwo Financial Services S.L. headquartered?
Baluwo Financial Services S.L. is headquartered in Barcelona, Spain.
Which VCs invest in companies like Baluwo Financial Services S.L.?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back internet companies at Baluwo Financial Services S.L.'s stage. Their profiles are linked below.
VCs backing internet startups at Seed
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