BALUWO FINANCIAL SERVICES SL.

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

BALUWO. Barcelona & Catalonia Startup Hub

BALUWO

BALUWO FINANCIAL SERVICES SL.
Carrer Tarragona 161 Planta 13 08014 Barcelona
https://baluwo.com

Baluwo is an all-in-one cash-to-goods service app that enables migrants based in Europe, the US, and the UK to purchase food, construction materials, electricity, mobile top-ups, and send small amounts of money to family and friends in West Africa. Baluwo currently operates in 17 countries across Sub-Saharan Africa and partners with over 1,000 local stores. Our mission is to improve the social economy in Africa by doing business with independent shops across the continent.

Industries & Technologies

Industries: E-commerce & Marketplaces, Financing
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.