Balad

Fintech | Egypt

Balad is a remittance driven neo-bank for migrants and their families

What they do

Balad simplifies digital remittance and offers additional financial services to migrants and beneficiaries. Balad’s product aims to reduce fees for migrants while offering instantaneous receipt of income for families with the introduction of further financial products in the future.

Why we invested

400 million+ African adults lack access to essential banking services. 90% of micro, small, and medium businesses face challenges in accessing credit. Traditional banking solutions are often inaccessible, perpetuating financial exclusion.

The Founder

Adham Azzam is the CEO and co-founder.

BFREE