Grants and Contributions:

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Title:

Baelio

Agreement Number:

993224

Agreement Value:

$19,930.00

Agreement Date:

Jun 29, 2022 - Jan 31, 2023

Description:

Baelio is a cross border digital payment solution. Helping its users move money abroad, it focuses on where users can get the most value when it comes to digital payments. Currently Baelio can only send money to 1 country (Nigeria). This project will lead to the implementation of the following in order to be more competitive and take risks in the market: • Expand its services to include the provision of a platform where the diaspora population can pay bills in their home countries such as phone bills etc. Most diaspora retain subscriptions of services for their families and for other reasons. • Expand beneficiary countries to 5 • Create a wallet

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Lower Sackville, Nova Scotia, CA B4C 2M8

Reference Number:

172-2022-2023-Q2-993224

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

760286708

Recipient Type:

For-profit organization

Recipient's Legal Name:

Baelio Technologies Incorporated

Federal Riding Name:

Sackville--Preston--Chezzetcook

Federal Riding Number:

12008

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211