BoomFi Raises $3.8M in Seed Funding for Crypto Payments
BoomFi, a payments company based in London, UK, has raised $3.8M in Seed funding, led by White Star Capital. Other investors who participated in the funding round include Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network, and founders from Moonpay, Ramp Network, Transak, Layer Zero, The Giving Block, and former execs from Stripe, Revolut, and Worldpay.
The funds will be used for strategic partnerships, product development, and expanding the merchant base in the web3 sector.
BoomFi is a crypto payment processor co-founded by serial tech entrepreneur Jack Tang and fintech product executive Michael Si. The company enables businesses to accept cryptocurrencies across a wide range of blockchains and currencies in a compliant and safe manner. The business can accept one-time payments, recurring payments, metered, and invoicing available through no-code, low-code, and SDK/API options. They can settle funds in their preferred crypto wallet or bank account, bridging fiat and crypto economies.
The company's crypto checkout plugins will be available across major eCommerce, payment orchestration, and billing management platforms in the coming months as Alternative Payment Methods. This will make crypto payments more accessible and compliant for businesses across various blockchains. With this funding, BoomFi aims to be a leading player in the crypto payments sector, providing efficient and compliant payment processing solutions to businesses of all sizes.
They've invested in BoomFi
Get to know these Fintech investors
| # | Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|---|
1 |  White Star Capital | 3 investment(s) investment(s) | more info | |||
2 |  Passion Capital | 6 investment(s) investment(s) | more info | |||
3 |  Blockchain Founders Fund | 6 investment(s) investment(s) | more info | |||
4 |  Kraken Ventures | 1 investment(s) investment(s) | more info | |||
5 |  GSR | 1 investment(s) investment(s) | more info |
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