Baluwo

About

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

Barcelona,Catalonia,Spain
11 - 50
https://baluwo.com/

Highlights

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