BoomFi - About the company
BoomFi is a seed company based in London (United Kingdom), founded in 2023 by Jack Tang and Chao Yan. It operates as a Provider of mobile application for data saving mode, APN, reset password, and other VAS services. BoomFi has raised $3.8M in funding from White Star Capital. The company has 286 active competitors, including 36 funded and 13 that have exited. Its top competitors include companies like Ripple, BitPay and IOTA.
Company Details
- Website
- www.boomfi.xyz/
- Social
- Registered Address
- 20-22 WENLOCK ROAD,LONDON,ENGLAND,N1 7GU
Key Metrics
Founded Year
2023
Location
London, United Kingdom
Stage
Seed
Total Funding
$3.8M in 1 round
Latest Funding Round
Investors
Ranked
31st among 286 active competitors
Employee Count
17 as on Sep 30, 2026
Legal entities associated with BoomFi
BoomFi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
BOOMFI LTD CIN: 14460860 , United Kingdom, Active | Nov 02, 2022 | - | 2 (As on Nov 30, 2024) |
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BoomFi's funding and investors
BoomFi has raised a total funding of $3.8M over 1 round. Its latest funding round was a Seed round on Jun 13, 2023 for $*****. 8 investors participated in its latest round. BoomFi has 7 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of BoomFi:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 13, 2023 | 7919608 | Seed | 6891473 | 5509176 | 4370675 | 9518143 |
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BoomFi's founders and board of directors
Founder? Claim ProfileHere are the details of BoomFi's key team members:
- Jack Tang: Co-Founder & CEO of BoomFi. Contact Info: 1 email address
- Chao Yan: Co-Founder & CTO of BoomFi. Contact Info: 1 email address
View details of BoomFi's Founder profiles and Board Members
BoomFi's employee count trend
BoomFi has 17 employees as of Sep 26. Here is BoomFi's employee count trend over the years:
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BoomFi's Competitors and alternates
Top competitors of BoomFi include Ripple, BitPay and IOTA. Here is the list of Top 10 competitors of BoomFi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ripple 2012, San Francisco (United States), Series D | Provider of blockchain and financial infrastructure solutions for cross-border payments and digital asset custody | $853M | 81/100 | |
2nd | BitPay 2011, Atlanta (United States), Series B | App-based crypto payment management solutions for individuals and businesses | $103M | 73/100 | |
3rd | Developer of a decentralized infrastructure for building and securing digital applications | - | 70/100 | ||
4th | API-based digital asset payment solution for individuals and businesses | $10M | 65/100 | ||
5th |  TransFi 2022, Tampa (United States), Series A | Web3 payment platform designed for the purchase of digital assets | $16.6M | 61/100 | |
6th |  Zebec 2021, San Francisco (United States), Series A | Platform for payments and financial transactions for cryptocurrency | $29.5M | 61/100 | |
7th | Fnality 2019, London (United Kingdom), Series C | Operator of decentralized payment systems for wholesale financial transactions | $136M | 59/100 | |
8th | Meshpay 2020, San Francisco (United States), Series C | Provider of crypto payment solutions across exchanges, wallets, and providers | $200M | 57/100 | |
9th | Kontigo 2023, San Francisco (United States), Seed | Provider of stablecoin super app for emerging markets with digital wallet | $20M | 55/100 | |
10th | Crypto-based payment solution for consumers and businesses | $18.3M | 54/100 | ||
31st |  BoomFi 2023, London (United Kingdom), Seed | Provider of mobile application for data saving mode, APN, reset password, and other VAS services | $3.8M | 38/100 |
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BoomFi's Investments and acquisitions
BoomFi has made no investments or acquisitions yet.
Reports related to BoomFi
Here is the latest report on BoomFi's sector:
News related to BoomFi
•
BoomFi Partners with BridgerPay to Power Crypto PaymentsGlobal Fintech Series•Jun 09, 2025•BoomFi, BridgerPay
•
BoomFi and Paytiko Partner to Bring Crypto Payments to MerchantsGlobal Fintech Series•May 22, 2025•BoomFi, Paytiko
•
BoomFi and Paytiko Partner to Offer Crypto Payment Options to MerchantsPR Newswire•May 22, 2025•BoomFi, Paytiko
•
ONE.io and BoomFi Partner to Launch ONE Gateway, a Seamless Crypto Payment SolutionPR Newswire•May 09, 2025•BoomFi, SiteOne
•
BoomFi raises $3.8 million to make its next-generation payments solution common placeTech.eu•Jun 13, 2023•BoomFi, White Star Capital, Blockchain Founders Fund, Mantle Network and 8 others
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