Wala

company

About

Wala is built a community-driven and gamified personal financial management tool for cash-based consumers in emerging markets.

Details

Last Funding Type
Seed
Industries
Banking,FinTech,Mobile
Founded date
Jan 1, 2015
Number Of Employee
1 - 10
Operating Status
Close
Legal Name
Basic Transfer, Inc.

Wala has built a community-driven and gamified personal financial management tool for cash-based consumers in emerging markets. The product allows users to easily track their spending and earning to develop a financial profile for a customer that currently does not have one. The app then uses that profile to set weekly financial and engagement goals which improve the consumers spending and savings.

As users continue to engage with the app by logging their transactions and reaching their goals they will be awarded points which can be redeemed for cash, data, and other rewards.

Through the app the user will then be able to sign-up and access financial products like deposit accounts, payments, and more.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$1.20M
Wala has raised a total of $1.20M in funding over 2 rounds. Their latest funding was raised on Dec 14, 2017 from a Initial Coin Offering round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 14, 2017 Initial Coin Offering $1.20M Detail
Oct 4, 2017 Series Unknown 2 Newtown Partners Detail
Jan 25, 2016 Pre-seed 1 Techstars Detail
Jan 4, 2016 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
3
Wala is funded by 3 investors. Newtown Partners and Techstars are the most recent investors.
Investor Name Lead Investor Funding Round
Newtown Partners Yes Series Unknown
Techstars Yes Pre-seed
Silicon Badia Series Unknown