Farah Baxter & Ignacio Moreno: Legacy is More Than Money, It’s Also Memories

This week on 4-Quarter-Lives, Avivah Wittenberg-Cox talks with Ignacio Moreno and Farah Baxter, the Co-Founders of a pioneering digital platform that reimagines legacy planning by enabling individuals to create and share personalized emotional and practical legacies. Soalma was born from their personal experiences with loss and the realization of the importance of preserving memories and wisdom for future generations. 

The platform offers a secure, user-friendly space where users can compile multimedia content— videos, audio messages, photos, and documents—to capture life stories, advice, and heartfelt messages. These digital legacies can be shared with loved ones either during the user’s lifetime or posthumously, ensuring that personal histories and values endure.

Soalma’s mission is to make legacy planning accessible and emotionally resonant. By providing intuitive templates and prompts, the platform helps users in articulating their narratives. This approach not only aids in preserving individual and family histories but also supports emotional well-being by fostering reflection and connection.

Since its inception, Soalma has garnered recognition for its innovative approach. The startup was a finalist in the Expansión Startup Awards 2023, secured third place in the GBO Startup Awards, and received accolades from French Tech and SilverEco & Aging Well Awards.

Looking ahead, Soalma aims to expand its reach through B2B partnerships, particularly with organizations focused on elder care and long-term planning. The team is also exploring the integration of artificial intelligence to further personalize the legacy creation process. With its headquarters in Madrid, Soalma continues to grow its user base, striving to make legacy planning a meaningful and accessible experience for all. 

Ignacio Moreno and Farah Baxter both have MBAs from INSEAD Business School. They met at an alumni event and discovered they had both recently lost close loved ones. Individually, they had started working on developing solutions to better address what they had found lacking in the grieving process. They decided to join forces and so founded Soalma.

Ignacio Moreno is an entrepreneur and experienced corporate manager and consultant. Prior to Soalma he was CFO of Grupo IGNIS, an energy company in Spain. He also conceived and founded the MasterChef online school, which has since spread from Spain internationally. He has a BA in Law and Economics from Universidad Pontificia Comillas. Farah Baxter has extensive experience in Strategy Management at Hint Inc, Heineken, Booz & Co and Tata Realty. She has a BSc in Business Administration from Boston University.

Useful Links:

SOALMA Website: www.soalma.com.

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