August 13, 2024
Boom Technologies, a leading DeFi and e-commerce platform for the unbanked, has raised $500 million in growth capital from a notable family office in Dubai. The company is now allowing both retail and institutional investors to buy equity in Boom Technologies using either cryptocurrency or cash.
Project | Latest Raise | Latest Raise Date | Category |
|---|---|---|---|
Boom Technologies | $500M | August 13, 2024 | DeFi |
Boom’s advanced DeFi ecosystem connects cash-based fiat economies with the global digital marketplace, providing secure and seamless access for billions of unbanked individuals. This enables them to store, move, exchange, send, receive, and spend their cash online on goods and services worldwide while retaining full control.
The crypto-enabled equity offering, aiming to raise $47 million, underscores Boom’s dedication to financial inclusion by allowing a wider range of investors to participate in the company’s growth.
Peter Alfred-Adekeye, the Founder and CEO of Boom Technologies, expressed pride in democratizing access to equity investments, enabling both retail and institutional investors to acquire shares with crypto and cash and benefit from the significant value being created.
About Boom Technologies
The Boom DeFi Ecosystem includes the Boom blockchain as the foundational payment infrastructure, the Boom superapp and Boomswap at the second layer for value exchange among merchants, consumers, and traders using Boomcoin (BMC), the ecosystem’s native digital currency, and the Boom Foundation, a nonprofit organization that allocates grants for crypto-based social initiatives.
Website: https://boom.market/home
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