BALUWO FINANCIAL SERVICES SL

A E-commerce & Marketplaces, Fintech & Insurtech startup included in the Barcelona & Catalonia Startup Hub

BALUWO. Barcelona & Catalonia Startup Hub
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BALUWO

BALUWO FINANCIAL SERVICES SL
Carrer de Frederic Mompou, 5 08960 Sant Just Desvern
https://baluwo.com/

Baluwo is an all-in-one app that allows migrants from Europe and the US to buy food, building materials, electricity, mobile phones and send small amounts of money to relatives in their home country. Currently, we operate in 19 African countries where we collaborate with more than 1,000 local shops. We seek to improve the social economy in Africa by doing business with independent shops in Africa. In 2024, we expanded our market to Latin America and offer mobile recharges worldwide.

Industries & Technologies

Industries: E-commerce & Marketplaces, Fintech & Insurtech
Technologies: Fintech & Insurtech, AI & Big Data, Automation, E-commerce
Other fields: Social Economy, Scaleup

Financial data

Funding stage:
Founded: 2016
Employees:

Other information

Business model: Marketplace
Target: Business, Consumer
Spinoff participants: None / Not a spinoff

Funding

2M € (March 2022)

capital

Investors: creas, Open Value Foundation

0.5M € (February 2021)

Minority stake unknown %

Investors: Dozen Investments

0.6M € (November 2017)

Minority stake unknown %

Investors: Cabiedes & Partners, Seedrocket, 4founders capital

Source: Press releases newsletters & platforms company websites annual reports & accounts regulatory body sites & stock exchanges

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The Barcelona & Catalonia Startup Hub.

It is a Catalan Government project offering updated information on the Catalan startup ecosystem; gathering and consolidating data from internal databases as well as other local and international sources.

Collaborators of Barcelona & Catalonia Startup Hub.

We teamed up with business associations, universities and startup incubators to create the Barcelona & Catalonia Startup Hub.