About Baluwo
Baluwo is a Retail company based in Barcelona (Spain) founded in 2016. Super app platform offering multicategory products and services. Baluwo has raised $2.91 million across 2 funding rounds from investors including Creas, 4Founders Capital and Cabiedes & Partners. Its website baluwo.com draws about 230 thousand monthly visits. Baluwo offers products and services including Money Sending Service, Mobile Recharge Service, and Electricity Recharge Service. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its legal entity is Baluwo Financial Services SL. Its competitors include Peru Online, Yummy Planet and La Cesta Del Mercado.
Company details
Baluwo was established in 2016 in Barcelona, Spain, as a super app platform in the e-commerce and services sector. Various offerings are provided, including groceries, fashion products, food delivery, and mobile recharge options. Operations focus on multicategory accessibility via mobile applications, which are available for download on the Google Play Store and Apple App Store. The domain baluwo.com supports these digital services.
- Headquarters Barcelona, Spain
- SectorsRetail
- Website category Community and Society · Faith and Beliefs
- Email••••••••
- Phone•••• ••••
- Website baluwo.com
- Social LinkedIn X Facebook
- Legal Name Baluwo Financial Services Sl
- Total Equity Funding$2.91M (USD)
in 2 rounds
- Latest Funding Round$2.2M (USD), Seed
Mar 2022
- InvestorsCreas
& 2 more
Products & Services of Baluwo
Baluwo offers a comprehensive portfolio of products and services, including Money Sending Service, Mobile Recharge Service, and Electricity Recharge Service.
Enables international money transfers for diaspora users.
Allows recharging mobile balances and internet services.
Facilitates payments for electricity counters remotely.
Apps and channels of Baluwo
Baluwo publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Baluwo
Baluwo has successfully raised a total of $2.91M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.91M
- Total Rounds 2
- Last Round Seed — $2.2M
- First Round $708,351
(Nov 2017)
- Investors Count 3
All 2 funding rounds of Baluwo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $2.2M | Seed | – | Creas | – |
| Nov 2017 | $708,351 | Seed | – | Cabiedes & Partners |
3 investors in total: 3 institutional.
Investors in Baluwo
Baluwo has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Creas, 4Founders Capital and Cabiedes & Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in sustainable startups are focused on by Creas. | 2007 | creas.es | Madrid, Spain | |
Venture capital investments are provided to tech startups. | 4founderscapital.com | Barcelona, Spain | ||
Investments are made in early-stage fintech and internet startups. | cabiedesandpartners.com | Madrid, Spain |
Investor details for Baluwo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Baluwo
8 people are tracked at Baluwo (3 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Josep Arroyo | Founder & CEO | Leadership |
Patricio Fenoglio | Chief Technology Officer | Leadership |
.Richard Bal | Director of Partnerships with Africa | Leadership |
Pau Torres | Senior Front End Engineer | Team |
Ibrahima Fofana | Country Manager Senegal | Team |
Eba Solange Avognan | Customer Care Manager | Team |
waly diouf | CC Assistant Manager | Team |
Sarjo Brito | Sales and Customer Service Rep | Team |
Complete people profiles for Baluwo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Baluwo
3 dated milestones of Baluwo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Baluwo is founded.
- Funding First funding round of $708K.
- Funding Latest funding round, Seed, of $2.2M.
Competitors of Baluwo
Baluwo has 3 listed competitors in our database. They include Peru Online, Yummy Planet and La Cesta Del Mercado.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tiendaperuonline.com | 2018 | Valencia, Spain | Operates an online store specializing in Peruvian products for global customers. | |||
| yummyplanet.es | 2011 | Madrid, Spain | Online platform for purchasing diverse imported food items and global snacks. | |||
| lacestadelmercado.com | 2015 | Madrid, Spain | Operates a marketplace platform for hyperlocal grocery delivery to enhance convenience and fresh access. |
Detailed competitors of Baluwo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Baluwo
The website of Baluwo (baluwo.com) receives about 229.6K visits a month and ranks #289,066 among all websites worldwide, #4,461 in Faith and Beliefs.
- Monthly visits229.6K
▼ 4.1% vs previous month
- Unique visitors13K
per month
- Global rank#289,066
among all websites
- Category rank#4,461
Community and Society · Faith and Beliefs
- Bounce rate46%
- Pages per visit2.2
- Average visit6 min 31 sec
- DevicesDesktop 83% · Mobile 17%
Websites whose visitors overlap most with Baluwo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sercomsoluciones.es | sercomsoluciones.es | 100% | #210,196 | – | |
cellb2b.com | cellb2b.com | 64% | #798,609 | – | |
sercomrecargas.es | sercomrecargas.es | 57% | #336,217 | – |
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Frequently Asked Questions about Baluwo
Baluwo was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Baluwo is headquartered in Barcelona, Spain. It is registered at Barcelona, Catalonia, Spain.
Baluwo is a funded company, having raised a total of $2.91M across 2 funding rounds to date. The company's 1st funding round was a Seed of $708.35K, raised on Nov 2017.
Baluwo was established in 2016 in Barcelona, Spain, as a super app platform in the e-commerce and services sector. Various offerings are provided, including groceries, fashion products, food delivery, and mobile recharge options. Operations focus on multicategory accessibility via mobile applications, which are available for download on the Google Play Store and Apple App Store. The domain baluwo.com supports these digital services.
Baluwo's top competitors include Peru Online, Yummy Planet and La Cesta Del Mercado.
Baluwo offers Money Sending Service, Mobile Recharge Service, and Electricity Recharge Service.
Baluwo has 3 investors. Key investors include Creas, 4Founders Capital, and Cabiedes & Partners.
Baluwo operates through Baluwo Financial Services Sl.
Yes. Baluwo publishes Baluwo and 1 more app, with over 100,000 downloads.
The website of Baluwo receives about 230 thousand visits a month and ranks #289,066 among all websites worldwide.