What is Walo?
Founded in 2018, Walo operates a gamified mobile application designed to automate allowance distribution for children. The platform leverages algorithms to impart financial literacy skills to its young users through engaging games, aiming to build a strong foundation for responsible money management from an early age.
How much funding has Walo raised?
Walo has raised a total of $1.1M across 1 funding round:
Other Financing Round
$1.1M
Other Financing Round (2022): $1.1M with participation from Desjardins, Granicus Group, Investment Quebec, and WatchMojo
Key Investors in Walo
Desjardins
Desjardins is a prominent Canadian cooperative and one of North America's largest credit union federations, known for its strong financial standing.
Granicus Group
Granicus Group is a holding company managing investments in media, finance, and real estate, with a focus on supporting entrepreneurs and facilitating strategic ventures.
WatchMojo
WatchMojo is a leading digital media brand recognized for its popular 'Top 10' lists and extensive video library, with a significant presence on YouTube and other platforms.
What's next for Walo?
The recent major enterprise-level funding and strategic investment signal a pivotal growth phase for Walo. This capital infusion is expected to fuel product development, enhance user acquisition strategies, and potentially expand the platform's reach into new markets. The company is poised to solidify its position as a leader in the children's financial education technology sector.
See full Walo company page
