BALAD CORP
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Balad provides a single licensed REST API for sending payouts to Egypt, delivering funds via all CBE-licensed banks, mobile wallets, and cash-pickup locations. It serves businesses and money transfer partners that need to disburse cross-border payments into Egypt, offering onboarding/KYB, a sandbox, routing, screening, settlement, and a reconciliation dashboard.
Also known as Balad
Founders & leadership
Investors · 7
Also in the syndicate · 3
Company profile
researched Aug 2026Balad is an Egypt-focused cross-border payout network that lets businesses and money transfer operators disburse funds into Egypt through a single integration. Money is received from money transfer partners in more than 120 sending countries and paid out nationwide across three delivery rails: cash pickup (payable in USD, EUR and EGP, with no recipient bank account required), mobile wallets (instant to any major Egyptian wallet, in EGP) and bank transfers (direct deposit over the IPN, in USD, EUR and EGP). Coverage is stated to include all 38 CBE-licensed banks, all major mobile wallets and more than 1,000 cash-pickup locations, with 58+ combined bank and wallet destinations.
The product is delivered as a REST API (api.balad.tech) exposing endpoints to initiate transfers, check status, retrieve live FX rates, update transactions and receive webhook callbacks, alongside a web dashboard (app.balad.me) for transaction tracking, webhook configuration, user management, alerts, ticket support, and FinOps with downloadable daily and monthly reconciliation reports. Balad handles routing, AML screening, settlement and delivery confirmation behind each payout. Onboarding follows a four-step path: account onboarding and business verification (KYB), building against realistic data in a full sandbox, switching to production, and scaling on the network.
The company positions itself as fully licensed and PCI compliant, screening every transaction and operating within local regulatory requirements, and markets a go-live timeline measured in days rather than months.
Business model
Balad sits between international senders and Egyptian payout rails, providing licensed infrastructure that partners integrate once to reach recipients across the country. Customers onboard through KYB, build in a sandbox, then move to production, with Balad managing routing, compliance screening, settlement and reconciliation reporting.
Traction
The website reports more than $1 billion in annual processing volume, 99.95% platform uptime, 58+ bank and wallet destinations, more than 1,000 cash-pickup locations, coverage of all 38 CBE-licensed banks, 120+ sending countries and 85% of payouts delivered in real time. Partner logos shown include WorldRemit, Nala, iSend, Profee, Dahabshiil, Banana Pay, Fincra and Banque du Caire.
▸Full profile — market position, technology, go-to-market, geography
Market position
Balad presents itself as a single licensed network covering the full Egyptian payout landscape — every CBE-licensed bank, major mobile wallets and cash-pickup locations — reached through one integration, with stated annual processing volume above $1 billion and 99.95% platform uptime.
The offering combines regulatory licensing and PCI compliance with nationwide Egyptian coverage through one API, real-time delivery for 85% of payouts, and operational tooling (sandbox, reconciliation reports, webhooks, alerts) intended to shorten integration timelines to days.
Technology
A single REST API (api.balad.tech/v1) for creating payout transactions with parameters such as amount, source currency, delivery method and corridor, returning a remitter reference and delivery estimate; supporting endpoints cover status checks, live FX rates, transaction updates and webhook callbacks. A full sandbox environment mirrors realistic data before production. A companion dashboard provides transaction tracking, webhook configuration, alerts, user management and reconciliation reporting.
Go-to-market
Direct enterprise sales via demo requests on the website, supported by self-serve developer material including public API reference documentation and a sandbox environment for pre-integration testing.
Money transfer operators and businesses in over 120 sending countries that need to disburse funds to recipients in Egypt. Names displayed on the website include WorldRemit, Nala, iSend, Profee, Dahabshiil, Banana Pay, Fincra and Banque du Caire.
Geography
Payout coverage spans Egypt nationwide, with inbound flows originating from money transfer partners in more than 120 sending countries. Payout currencies are USD, EUR and EGP.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsBalad took part in Village Capital's Financial Solutions for Migrants program, which provided a focus on migrant financial needs and financial advisory for the company's go-to-market plan.
Balad was awaiting approval of its Certified Business Enterprise Agency License, anticipated in June 2023, in order to begin issuing cards later in 2023 or in early 2024.
Egypt-based remittance fintech Balad closed its first funding round, a seven-figure USD pre-seed led by Acasia Ventures, with participation from Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Side and several family offices. Proceeds were earmarked for launching the remittance platform, technology development, hiring, licensing and completing integrations with its banking partner.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- BALAD CORPbalad.me · web
- Egyptian Fintech Startup Balad Secures Pre-Seed Funding Round - Tech In Africatechinafrica.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does BALAD CORP do?
- Balad operates a licensed API network for cross-border payouts into Egypt via banks, mobile wallets and cash pickup.
- Who founded BALAD CORP?
- BALAD CORP was founded by Adham Azzam.
- Who are BALAD CORP's investors?
- BALAD CORP's investors include 500 Global, Acasia Ventures, Cairo Angels Syndicate Fund, First Circle.