• FOUNDING YEAR: 2008
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

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:
Viewable by subscribers only
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

FOUNDERS:
Bill Barhydt
Board Members and Advisors:
Bill Barhydt, James Robinson, John Abbott
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Digicel, RRE Ventures

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$67.73 Millions
SEED & PRIOR FUNDING:
$50.73 Millions
FUNDING SERIES:
SERIES C
$17 Million Closed:
LISTED:
NO

LATEST RESEARCH