Mexico
Balam, founded in 2020 and headquartered in Mexico, is positioned at the intersection of Crypto and Payments industries. With its compelling slogan, "Balam provides technology to banks and fintechs, enabling them to offer remittances that are 80% cheaper and 10X faster," the company underscores a significant advancement in financial technology.
The core offering is an advanced API platform empowering banks and fintech companies to process remittances across 18 countries. Notably, transactions facilitated through Balam can be executed seamlessly via WhatsApp, leveraging blockchain and AI to deliver remarkable efficiency improvements.
Importantly, Balam itself is not a money transmitter; instead, it serves as a technology enabler, ensuring all transactions comply with regulations through its partners' financial licenses.
The company recently secured a $400.00K Pre Seed Round investment on 21 August 2023, led by Rockstart Accelerator. Investors interested in transformative financial technology solutions may find Balam's innovative approach and rapid growth compelling.
