Balad
OperatingBalad is a FinTech company that provides prepaid card solutions for underbanked family members of Egyptian migrants abroad.
- Financial Services
- Cairo, Egypt
- Non-equity Assistance
- Founded 2022
- balad.me ↗
- Last round
- Non-equity Assistance
- Rounds
- 2
- since 2022
- Investors
- 9
- on record
- Employees
- 11-50
About Balad
Balad is a FinTech company that provides prepaid card solutions for underbanked family members of Egyptian migrants abroad. Through partnerships with remittances’ providers and aggregators, we enable migrants’ families in Egypt to receive their inward remittances instantaneously on prepaid cards, providing them with a safer and a more convenient way to access their money.
Balad funding2 rounds
All 2 rounds →The latest is a Non-equity Assistance announced 13 Apr 2023, led by Village Capital.
Who has invested in Balad
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 13 Apr 2023 | Balad Non-equity Assistance | Village Capital | Not disclosed |
| 01 Nov 2022 | Balad Pre-seed | Acasia Ventures +7 | Not disclosed |
Balad founders & team
Full team →- Adham AzzamCo-Founder & CEO
- Adham AzzamCo-Founder & CEO
- Mohamed AssemCo-Founder & CPTO
- Mohamed AssemCo-Founder & CPTO
- Sally AsaadCofounder - COO & CBO
- Sally AsaadCofounder - COO & CBO
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Frequently asked about Balad
- Where is Balad based and when was it founded?
- Balad is headquartered in Cairo, Egypt and was founded in 2022.
- Who founded Balad?
- Balad was founded by Adham Azzam (Co-Founder & CEO), Adham Azzam (Co-Founder & CEO), Mohamed Assem (Co-Founder & CPTO), Mohamed Assem (Co-Founder & CPTO) and 3 other founders.
- Who is the CEO of Balad?
- Adham Azzam is Balad's Co-Founder & CEO.
- How much funding has Balad raised?
- Balad has raised 2 funding rounds; the amounts were not disclosed. Its latest, a Non-equity Assistance, was announced on Apr 13, 2023.
- Who has invested in Balad?
- Backers include Village Capital, Acasia Ventures, Launch Africa, Future Africa and 5 others.
- What sector is Balad in?
- Balad operates in Financial Services, FinTech and Payments.
