Balam
Balam provides technology to banks and fintechs, enabling them to offer remittances that are 80% cheaper and 10X faster.
28 employees · est. 2020 · Mexico
Converco
Send & received money globaly like a local with blockchain technology
1 employees · est. 2019 · Jakarta, Indonesia
Converco is the older company (2020 vs 2019); Balam is the larger of the two.
Side-by-Side Comparison
| Metric | Balam | Converco |
|---|---|---|
| Founded | ||
| Founded | 2020 | 2019 older |
| Headquarters | ||
| Headquarters | Mexico | Jakarta, Indonesia |
| Employees | ||
| Employees | 28 larger | 1 |
| Industry | ||
| Industry | Crypto, Payments | Blockchain, Financial Services, Fintech |
| Funding Stage | ||
| Funding Stage | Pre Seed | Seed |
| Total Funding | ||
| Total Funding | $400.00K | $100.00K |
| Funding Rounds | ||
| Funding Rounds | 1 | 1 |
| Services | ||
| Services | information requests management, website development, email marketing | Digital asset storage and management, Crypto and fiat currency exchange, International money transfer, Instant cashback and rewards, Interest earning and borrowing products, Multi-currency transactions |
| Target Customers | ||
| Target Customers | web users, businesses seeking online presence, individuals interested in location-specific services | Individual Users, Corporate Clients, Frequent Travelers, Crypto Enthusiasts, Digital Nomads |
| Taxonomy | ||
| Taxonomy | Remittance Technology, Fintech API, Cross-Border Payments, Blockchain Integration, AI Integration, Financial Compliance, WhatsApp Payments, Instant Money Transfers, Cost-Effective Remittances, Fast Transaction Processing, Partnered Financial Licenses, Digital Financial Services, Payment Technology Platform | Digital Banking, Remittance, Payment Solutions, Cryptocurrency, Global Money Transfer, Micro-Payments, Multi-Currency Transactions, Crypto-Fiat Exchanges, Interest-Bearing Accounts, International Payment Networks, Virtual Currency Cards, Financial Technology (FinTech), Cross-Border Transactions, ATM Withdrawals |
| Website | ||
| Website | getbalam.com.mx | converco.com |
About Balam
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 si...
About Converco
Converco, founded in 2019, is a dynamic startup positioned at the intersection of the Blockchain and Financial Services industries, with a focus on Fintech. Headquartered in Indonesia, the company has expanded its global presence with operations in PT. Converco Nasional Indonesia, Converco Pte. Ltd....
We will tell you when either one moves
BounceWatch watches Balam and Converco for new funding, fast hiring, new executives and a change of software vendor. When one happens, we email you the same day.
Funding, hiring, leadership and stack changes at Balam and Converco — by email.
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Compiled from the BounceWatch company index. We last looked at Balam on 10 Sep 2025, and Converco on 8 Mar 2025. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.