Baluwo is an All-in-One App for African migrants that aims to provide essential services for sub-Saharan migrants to support their families back home. The name Baluwo originates from the West African language Mandinga, meaning "basic needs." The platform allows African migrants worldwide to conveniently purchase prepaid electricity, top up mobile phones, and buy various essentials online for their relatives in Africa. Operating in 17 countries across the continent, including The Gambia, Senegal, Nigeria, Mali, and Ghana, Baluwo offers a vital link for migrants to support their families' needs. Founded in 2016 and headquartered in Spain, the company recently secured a $2.00M Venture Round investment on 10 March 2022 from investors Creas and FinRebel.
Baluwo
All-in-One App for African migrants
Spain
25 employees
Venture round
Total: $4.56M
Consumer Goods, E-Commerce +1
General Information
Spain
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Spain Market
Consumer Goods
About Baluwo
Business keywords: Migrant support, Remittances, African diaspora, Prepaid services, Financial inclusion, International transfers, Mobile top-ups, Basic needs, Sub-Saharan Africa, Digital payments, Family support, Mandela Effect, Social impact
Funding Rounds & Investors (6)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Venture Round | $2.00M | 2 |
|
10 Mar 2022 |
| Seed Round | €550.30K | 1 |
|
31 Jan 2020 |
| Debt Financing | €180.00K | 1 |
ICF Capital
|
30 Jul 2019 |
| Seed Round | €500.00K | 2 |
|
17 Jul 2019 |
| Seed Round | €390.00K | 1 |
|
17 Jul 2018 |
| Seed Round | €942.00K | 5 |
|
16 Nov 2017 |
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FAQ About Baluwo
Source: BounceWatch company record for Baluwo, https://bouncewatch.com/company/baluwo, updated 29 December 2024. When citing, please name BounceWatch and link this page.
