Baubap
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Baubap - overview
Established
2018
Location
Mexico City, -, Mexico
Primary Industry
Financial Services
About
Based in Mexico City, Mexico, and founded in 2018 by CEO Roberto Salcedo, BAUBAP, SAPI de CV, SOFOM ENR. doing business as Baubap, operates as a consumer loan company offering instant microloans through a mobile application. In March 2024, Baubap raised USD 120 million in venture debt funding from Park Cities Asset Management. Baubap developed a mobile application platform for Android and iOS smartphone users, providing loans ranging from $500 to $5,000 MXN.
The company offers microloans and rewards borrowers with cash incentives for timely payments. In addition, the firm’s additional features include a referral program that allows users to earn extra income. It leverages the information from the loan application and the applicant's cell phone to determine the probability of payment without consulting a credit bureau.
Current Investors
Grupo Grameen, Harvard Management Company, Y Combinator
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.baubap.com
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
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Baubap - employee data
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