Boom Technologiesa DeFi unicorn and e-commerce provider for the unbanked, has secured $500 million in growth capital from a prominent Dubai-based family office. The company is now offering retail and institutional investors the opportunity to purchase shares of Boom Technologies using cryptocurrencies or cash.
Boom’s innovative DeFi ecosystem bridges the gap between trillions of dollars in cash-based fiat economies and the global digital marketplace. The result is secure and seamless access for billions of unbanked people, enabling individuals and businesses to securely store, move, exchange, send, receive, and spend their money online on goods and services around the world while maintaining full control.
The crypto-enabled equity offering, which aims to raise $47 million, reinforces Boom’s commitment to democratizing financial inclusion by enabling a broader range of investors to participate in the company’s growth.
Peter Alfred-Adekeye, Founder and CEO of Boom Technologies, commented: “As champions of financial inclusion, we are honored to democratize access to equity investments, enabling retail and institutional investors to acquire our shares with cryptocurrencies and cash and benefit from the enormous value we create.”
Investment details:
-
Minimum investment: $25,000 for individual investors; $250,000 for institutional investors.
-
Accepted currencies: All fiat currencies and cryptocurrencies.
-
Total available equity: 4.75% of Boom Technologies (UK) Ltd.
-
Investment window: August 8 – October 8, 2024.
-
Bonus offer: The first $5 million invested will receive a 10% capital bonus.
-
Official page: Boom Stock Investment
Boom’s DeFi ecosystem, which includes partnerships with industry leaders like Fireblocks and collaborations with the Bank for International Settlements, continues to set new standards in financial innovation. With over 100,000 app downloads in two weeks and a growing user base, Boom is poised to shape the future of unbanked global e-commerce.
About Boom
The Boom DeFi ecosystem consists of the Boom blockchain as the layer-1 payment rails, the Boom superapp and Boomswap at layer-2, where value is exchanged between merchants, consumers, and traders using Boomcoin (BMC), the ecosystem’s native digital asset, and the Boom Foundation, the nonprofit arm deploying its crypto-for-social-good grant.
Boom Technologies Ltd owns and operates the Boom superapp.
To learn more about Boom, please visit www.boom.market.
Disclaimer: The information provided in this press release is not a solicitation for investment and does not constitute investment advice, financial advice, or trading advice. Cryptocurrency mining can be risky. There is a risk of loss of funds. It is strongly recommended that you conduct your own due diligence, including consulting a professional financial advisor, before investing in or trading cryptocurrencies and securities.
