About Balad
Balad is a company based in Cairo (Egypt) founded in 2022 by Adham Azzam and Mohamed Assem.. Balad offers products and services including API Integration and Payment Platform. Balad operates in a competitive market with competitors including Wallex, TransferMate, Fable Fintech, Payall and Keeta, among others.
- Headquarter Cairo, Egypt
- Founders Adham Azzam, Mohamed Assem
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Balad Technologies Sae
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Acasia Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Balad
Balad offers a comprehensive portfolio of products and services, including API Integration and Payment Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure and efficient cross-border transaction processing.
Facilitates seamless cross-border payouts for businesses worldwide.
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Funding Insights of Balad
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Balad | Valuation | Acasia Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Balad
Balad has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Acasia Ventures, Launch Africa and Future Africa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Acasia Ventures is focused on investing in early-stage startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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Venture capital firm investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Balad
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Balad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Balad Comparisons
Competitors of Balad
Balad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wallex, TransferMate, Fable Fintech, Payall and Keeta, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments acceptance and management solution for businesses
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| domain | founded_year | HQ Location |
International B2B payments and receivables are processed globally.
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| domain | founded_year | HQ Location |
End-to-end cross-border payment solutions are provided for businesses via SaaS.
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| domain | founded_year | HQ Location |
Cross-border remittance solutions for banks are developed and provided.
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| domain | founded_year | HQ Location |
Cross-border monetary transactions are enabled via global payment integration.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Balad
When was Balad founded?
Balad was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Balad located?
Balad is headquartered in Cairo, Egypt.
Who is the current CEO of Balad?
Adham Azzam is the current CEO of Balad. They have also founded this company.
What does Balad do?
Balad was founded in 2022 in Cairo, Egypt, within the fintech sector focused on payments. A cross-border payout network is provided to enable integration, embedding, and execution of international transfers. Solutions are targeted at Money Transfer Operators, fintech firms, and mobile wallets. Operations are supported through a B2B web API that streamlines payment processing across various channels.
Who are the top competitors of Balad?
Balad's top competitors include Fable Fintech, Wallex and TransferMate.
What products or services does Balad offer?
Balad offers API Integration and Payment Platform.
Who are Balad's investors?
Balad has 6 investors. Key investors include Acasia Ventures, Launch Africa, Future Africa, Magic Fund, and Sunny Side Venture Partners.