Boom DeFi Ecosystem Raises $500M in Growth Capital and Launches Equity Purchase Opportunity for Crypto Investors
Date – 16-Aug-2024
Boom Technologies Secures $500M in Growth Capital and Launches Crypto-Friendly Equity Investment Opportunity
Boom Technologies, a leading DeFi unicorn and e-commerce provider aimed at the unbanked, has announced a significant milestone with the acquisition of $500 million in growth capital from a prominent family office based in Dubai. This investment fuels Boom’s innovative DeFi ecosystem and includes a unique opportunity for both retail and institutional investors to purchase equity using cryptocurrency or cash.
Boom Technologies is revolutionizing financial inclusion by bridging the divide between traditional fiat economies and the global digital marketplace. This initiative offers secure and seamless access to financial services for billions of unbanked individuals, enabling them to store, transfer, exchange, and spend cash online while maintaining full control over their funds.
The company’s new equity offering aims to raise $47 million and underscores its commitment to broadening access to financial investment.
Key Investment Details:
- Minimum Investment: $25,000 for retail investors; $250,000 for institutional investors.
- Accepted Currencies: All fiat and cryptocurrencies.
- Total Equity Available: 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% equity bonus.
- Official Page: Boom Equity Investment
Peter Alfred-Adekeye, Founder and CEO of Boom Technologies, stated, “We are proud to democratize access to equity investments by enabling both retail and institutional investors to acquire shares using crypto or cash. This move aligns with our mission to promote financial inclusion and allow a diverse range of investors to benefit from the value we are creating.”
Boom Technologies’ DeFi ecosystem, supported by partnerships with industry leaders such as Fireblocks and collaborations with the Bank for International Settlements, continues to set new benchmarks for financial innovation. With over 100,000 app downloads in just two weeks and a rapidly expanding user base, Boom is poised to redefine global e-commerce for the unbanked.
