Balam: Funding, Investors & Team (Oct 2026)
Balam is a platform that utilizes WhatsApp for sending funds to over seven countries in Latin America. By concentrating on both cryptocurrencies and conventional payments, we offer individuals the opportunity to retrieve control over their money. With the support of our exceptional technological platform, Balam's objective is to assist the vast number of individuals, totaling over 300 million, who require regular international money transfers.
Balam has raised $400k across 1 funding round on record, the most recent a Pre-Seed of $400k announced in Aug 2023.
That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Balam Company Profile and Key Stats
Latest funding round on record: Aug 2023.
Balam Funding Rounds
Balam Founders and Leadership Team
No contact details are on record for this team yet.
Balam Funding Compared to Other Financial Services Startups
Balam's latest round of $400k is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Balam Funding FAQs
What does Balam do?
Balam is a platform that utilizes WhatsApp for sending funds to over seven countries in Latin America. By concentrating on both cryptocurrencies and conventional payments, we offer individuals the opportunity to retrieve control over their money. With the support of our exceptional technological platform, Balam's objective is to assist the vast number of individuals, totaling over 300 million, who require regular international money transfers.
How much funding has Balam raised?
Balam has raised $400k across 1 round on record. The most recent is a Pre-Seed of $400k announced in Aug 2023.
When did Balam last raise funding?
Balam's most recent funding round on record is a Pre-Seed of $400k, announced in Aug 2023.
Who founded Balam?
FundedIQ lists Francisco Galvez Hidalgo (Founder) at Balam.
Where is Balam headquartered?
Balam is based in Polanco, Distrito Federal, Mexico.
How many employees does Balam have?
Balam is in the 11-50 employee band.
How does Balam's funding compare to other Financial Services startups?
Balam's latest round of $400k is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Balam Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Balam is left off this page rather than filled in.
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