2 years ago

BoomFi Raises $3.8M Seed Funding to Expand Web3 Payments

  • BoomFi, a London-based crypto payment processor, has secured $3.8 million in Seed funding led by White Star Capital with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network, founders from Moonpay, Ramp Network, Transak, Layer Zero, The Giving Block and former executives from Stripe, Revolut, and Worldpay

  • The funding will be used for strategic partnerships, product development, and expanding the merchant base in the web3 sector

  • BoomFi's crypto checkout plugins will be available across major eCommerce, payment orchestration and billing management platforms in the coming months as Alternative Payment Methods, making crypto payments across blockchains more accessible and compliant for businesses.

      • ProblemTechnology

      "Businesses struggle to accept crypto payments across multiple blockchains in a compliant and safe manner. Existing solutions are often complex, expensive, or lack security."

      Solution

      "BoomFi provides a simple and secure platform for businesses to accept crypto payments across a wide range of blockchains and currencies. Their no-code, low-code, and SDK/API options make it easy for businesses to integrate crypto payments into their existing workflows. BoomFi also helps businesses comply with regulations and keep their funds safe."

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