Balam
Balam provides technology to banks and fintechs, enabling them to offer remittances that are 80% cheaper and 10X faster.
Balam provides technology to banks and fintechs, enabling them to offer remittances that are 80% cheaper and 10X faster.
Balam is a technology platform offering an API for banks and fintechs to provide remittances that are 80% cheaper and 10X faster across 18 countries. Users can send funds swiftly using WhatsApp, avoiding fixed fees per transaction. The company utilizes blockchain and AI to cater to over 300 million individuals requiring monthly overseas fund transfers. It must be noted that Balam functions solely as a technology platform, leveraging partners' financial licenses for compliance and security.
Founded in 2020 and headquartered in Mexico, Balam received a $400.00K Pre Seed Round investment from Rockstart Accelerator on 21 August 2023. Serving the Crypto and Payments industries, Balam aims to revolutionize remittance services by providing affordable and efficient solutions for banks and fintech institutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Pre Seed Round | $400.00K | 1 |
|
21 Aug 2023 |
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