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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.
DATE OF LAST FUNDING
SERIES A · --- · Jul 2008
OTHERS · $17 M · Jul 2012