Baluwo

company

About

Baluwo is a different startup that offers migrants an alternative to sending money to their families.

Details

Last Funding Type
Seed
Last Funding Money Raised
€0.94M
Industries
Apps,Consumer Goods,E-Commerce,Mobile
Founded date
Jan 1, 2016
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Baluwo Financial Services, S.L.

Providing basic essentials has never been this easy. Sending money is not always the solution so we provide easy, fast & convenient ways to send prepaid electricity top-ups, mobile top-ups and basic food items to support your family back home in The Gambia, and very soon in Senegal and Nigeria.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
€2.56M $2M
Baluwo has raised a total of €2.56M $2M in funding over 2 rounds. Their latest funding was raised on Mar 10, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Mar 10, 2022 Series Unknown $2M 1 Creas Detail
Jan 31, 2020 Seed €550.29K 1 Detail
Jul 30, 2019 Debt Financing €180K 1 Detail
Jul 17, 2019 Seed €500K 2 Detail
Jul 17, 2018 Seed €390K 1 Detail

Investors

Number of Lead Investors
Number of Investors
3
7
Baluwo is funded by 7 investors. Creas and Cabiedes & Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Creas Yes Series Unknown
Cabiedes & Partners Yes Seed
Big Sur Ventures Seed
ICF Capital Debt Financing
4Founders Capital Seed
Lanai Partners Seed
G8i Seed

Employee Profiles

Number of Employee Profiles
1
Baluwo has 1 current employee profiles, including Executive Josep Arroyo
Executive