Baluwo
All-in-One App for African migrants
All-in-One App for African migrants
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.
| Funding Stage | Amount | No. Investors | 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 |
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