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 of Balad. They have also founded 2 companies.

How many employees does Balad have?

As of Sep 30, 2026, the latest employee count at Balad is 47.

Is Balad a funded company?

Balad is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 08, 2023.

When was the latest funding round of Balad?

Balad's latest funding was a $***** Seed round on May 08, 2023, with participation from 6 investors.

Where does Balad rank among its competitors?

Balad ranks 5th amongst 41 active competitors, of which 5 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Payall, which secured an undisclosed amount in Jun, 2025.

Who are the top competitors of Balad?

Balad's top competitors include Fable Fintech, TransferMate and Payall. Among them, Payall secured the most recent funding round in June, 2025.

Balad - 2026 Company Profile, Team, Funding & Competitors

Company Details

API-enabled cross-border payments across multiple channels. Cross-border payout network enabling integration, embedding, and execution of cross-border payment payouts. Offer a range of solutions for Money Transfer Operators (MTOs), fintech, and mobile wallets. Streamlines payment through B2B web API.

Website: balad.me
Social
Email ID: *****@balad.me
Phone Number: +20 **********

Key Metrics

Founded Year

2022

Location

Cairo, Egypt

Stage

Acquired

Latest Funding Round

Seed, May 08, 2023, $*****

Investors

Acasia Ventures & 6 more

Ranked

5^th among 41 active competitors

Employee Count

47 as on Sep 30, 2026

Similar Companies

Fable Fintech & 50 more

Exit Details

Acquired by EFG Holding (Aug 05, 2026)

View Balad's full profile

Balad got acquired by EFG Holding on Aug 05, 2026.

Click here to take a look at Balad's acquisition in detail

Balad has raised funding over 1 round. Its latest funding round was a Seed round on May 08, 2023 for $*****. 6 investors participated in its latest round. Balad has 7 institutional investors.

Here is the list of recent funding rounds of Balad:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 08, 2023	5217234	Seed	9309373	5162488	7241005	6931158

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View details of Balad's funding rounds and investors

The founders of Balad is Adham Azzam. Adham Azzam is the CEO of Balad.

Here are the details of Balad's key team members:

Adham Azzam: Co-Founder & CEO of Balad and founder of 1 other company.
Contact Info: 2 email addresses

View details of Balad's Founder profiles and Board Members

Balad's employee count trend

Balad has 47 employees as of Sep 26. Here is Balad's employee count trend over the years:

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Top competitors of Balad include Fable Fintech, TransferMate and Payall. Here is the list of Top 10 competitors of Balad, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fable Fintech 1999, Mumbai (India), Series A	Provider of end-to-end cross border payment solutions for businesses	$14.5M	Infibeam Avenues, Kalva Marketing And Services Limited ... & 34 others	63/100
2nd	TransferMate 2010, Kilkenny (Ireland), Series B	International B2B payments and receivables transactions	$130M	Railpen, ING & 1 others	57/100
3rd	Payall 2002, Miami Beach (United States), Series A	Developer of cross-border remittance solutions for banks	$27.2M	Andreessen Horowitz, Ventura Capital & 11 others	55/100
4th	Wallex 2015, Singapore (Singapore), Acquired	Cross-border payments acceptance and management solution for businesses	-	BAce Capital, Amand Ventures & 13 others	52/100
5th	Balad 2022, Cairo (Egypt), Acquired	API-enabled cross-border payments across multiple channels	-	Village Capital, Magic Fund & 5 others	43/100
6th	Interledger 2015, San Francisco (United States), Funding Raised	Foundation supporting open-source technology for financial transactions across different payment networks	-	-	43/100
7th	Crassula 2015, Riga (Latvia), Unfunded	White label banking solutions provider	-	-	40/100
8th	Fern 2022, Middletown (United States), Funding Raised	Provider of global money movement API and onchain accounts	-	Variant Fund	30/100
9th	Remit Anywhere 2007, New York City (United States), Unfunded	Global money transfer software solution for businesses of all sizes	-	-	29/100
10th	SukuPay 2023, Miami (United States), Unfunded	Provider of infrastructure for international money transfer and remittance services	-	-	27/100