BoomFi, the London-based payments powerhouse, has successfully secured an impressive $3.8 million in Seed funding, cementing its position as a leader in the industry.
The funding round was spearheaded by the renowned White Star Capital, joined by prominent investors including Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network, and influential founders from Moonpay, Ramp Network, Transak, Layer Zero, The Giving Block. In addition, the round saw participation from esteemed former executives from renowned companies such as Stripe, Revolut, and Worldpay.
This influx of capital will be strategically allocated towards forging influential partnerships, driving groundbreaking product development, and expanding BoomFi’s merchant base within the rapidly growing web3 sector.
BoomFi, co-founded by the seasoned tech entrepreneur Jack Tang and fintech product executive Michael Si, has emerged as a trailblazing crypto payment processor. Its cutting-edge platform empowers businesses to seamlessly accept cryptocurrencies across a diverse range of blockchains and currencies, all while maintaining strict compliance and utmost security. Whether it’s one-time payments, recurring payments, metered transactions, or invoicing, BoomFi’s comprehensive solution offers the flexibility of no-code, low-code, and SDK/API options. Additionally, businesses have the freedom to settle funds in their preferred crypto wallet or traditional bank account, effectively bridging the gap between fiat and crypto economies.
In a bid to further democratize and streamline crypto payments, BoomFi will soon unveil its crypto checkout plugins, meticulously designed to integrate seamlessly across major eCommerce platforms, payment orchestration systems, and billing management platforms. By introducing these plugins as Alternative Payment Methods, BoomFi aims to make crypto payments across various blockchains easily accessible and fully compliant for businesses.
With its innovative vision and unwavering commitment to revolutionize the payment landscape, BoomFi is poised to make an indelible mark on the industry and solidify its position as a driving force in the web3 ecosystem.