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Boom Financial (formerly m-Via) is solving the problem of making it safe, easy and cheap for immigrant consumers to share money with extended family in the US and 'back home'... one text message at a time. We aim to kill traditional cash remittances in favor of a mobile banking ecosystem that will create a global connected community of banked consumers. How cool is that? Boom is the world's first cross border mobile banking network working with retailers, banks, government agencies and technology partners. The company has received over 30 million $ in venture financing from RRE Ventures, Digicel Group, Matt.org and individual investors.
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.
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.
Company makes out money by charging transaction fee & other service fees.
Partnered with cloud based payment processing firm i2c
WOCCU(World Council of Credit Unions).
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.
NUMBER OF FUNDING ROUNDS
DATE OF LAST FUNDING
ESTIMETED REVENUE RANGE
$1M to $10M
SERIES A · --- · Jul 2008
OTHERS · $17 M · Jul 2012
AVERAGE VISITS (6 MONTHS)
MONTHLY VISITS GROWTH
VISIT DURATION GROWTH
PAGE VIEWS VISIT
PAGE VIEWS VISIT GROWTH
BOUNCE RATE GROWTH
GLOBAL TRAFFIC RANK
MONTHLY RANK CHANGE
MONTHLY RANK GROWTH
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