Boom Financial

remittancesmobile/online remittanceconsumer

FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 14/02/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Boom Financial provides an online financial platform for customers to share and spend money from their cell phones in the United States and Mexico. It allows users to send money through mobile text message to recipients who receive the money on a prepaid card. Boom Financial was formerly known as m-Via, Inc.

Focus

PRODUCTS & SERVICES

Boom App for mobile banking services such as money transfer, checks processing services. Boom Prepaid cards- money withdraws, online purchases. Boom helps families share their money quickly, safely and economically.

REVENUE MODEL

Company makes out money by charging transaction fee & other service fees.

EXISTING PARTNERSHIPS

Partnered with cloud based payment processing firm i2c

WOCCU(World Council of Credit Unions).

COMMENT

It enables Boom Financial customers to receive remittances on a mobile phone, which can be accessed with a prepaid card to make purchases, withdraw cash and transfer funds to other accounts.

People

BOARD MEMBERS AND ADVISORS

Bill Barhydt

James Robinson

John Abbott

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Digicel

RRE Ventures

Momentum

FUNDED

YES

TOTAL FUNDING

$27.58 M

DATE OF LAST FUNDING

Jul 2012

FUNDING SERIES

SERIES A  · ---  · Jul 2008

OTHERS  · $27.58 M · Jul 2012

LISTED

NO

BASICS

FOUNDING YEAR:

2008

LOCATION:

United States

Views:

290 VISITORS | 466 VIEWS
LATEST FUNDING ROUND

$27.6 M

TOTAL EMPLOYEES
11-50

About

Boom Financial provides an online financial platform for customers to share and spend money from their cell phones in the United States and Mexico. It allows users to send money through mobile text message to recipients who receive the money on a prepaid card. Boom Financial was formerly known as m-Via, Inc.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack