Baubap Analysis: $3M Raised
What is Baubap?
Baubap is a financial technology company providing instant loans from $500 to $5,000 MXN via a mobile app, without credit history or income verification.
Employees
150
Founded
2018
Revenue
$14.3-24.8M
Investors
- Six Point Capital Management
ZoomInfo
Product Features & Capabilities
- Préstamos al instante, sin buró de crédito, montos de $500 a $5,000 MXN, acceso rápido desde el celular, respuesta en menos de 10 minutos, beneficios por pago a tiempo, programa de recompensas, invitaciones para ganar dinero.
Pricing
- Préstamos desde $500 a $5,000 MXN.
- Periodo mínimo de repago: 90 días.
- Periodo máximo de repago: 24 meses.
- APR (Tasa de interés fija anual) máximo: 300%.
- CAT informativo: 1355.2% sin IVA, calculado a Junio 2024.
- Ejemplo representativo: Por $500 pagarías **$874 + IV
How much Baubap raised
Seed - $3 million
March 2021Lead Investor: Grupo Grameen
Who are the founders of Baubap
RS
Roberto Salcedo
Founder, CEO
LV
Luis Villarreal
Co-Founder, CTO
Market Focus
Baubap primarily focuses on the financial technology industry, specifically offering instant loans without requiring credit history or income verification.
Business Model
Revenue from interest on loans and fees like origination and late payment fees.
Competitors Overview
Baubap operates in the financial technology sector, specifically in the micro-lending market in Mexico. Its main competitors include:
- Kueski:
- Overview: Kueski is a prominent online platform for personal loans in Mexico, offering quick access to funds without the need for extensive
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