Boom DeFi Ecosystem Raises $500M, Opens Crypto-Friendly Equity Investment

Boom Technologies, a leading DeFi unicorn and e-commerce provider for the unbanked, has announced a significant milestone in its growth trajectory. The company has secured $500 million in growth capital from a prominent Dubai-based family office, marking a substantial vote of confidence in its innovative DeFi ecosystem.

In a move that further underscores its commitment to financial inclusion, Boom Technologies is now opening an equity purchase window for both retail and institutional investors. This unique opportunity allows investors to acquire shares in the company using either cryptocurrency or traditional cash, with a target to raise an additional $47 million.

The Boom DeFi ecosystem has been designed to bridge the gap between trillions of dollars in cash-based fiat economies and the global digital marketplace. This innovative approach provides secure and seamless access for billions of unbanked individuals worldwide, enabling them to store, move, exchange, send, receive, and spend their cash online for goods and services while maintaining full control over their finances.

Peter Alfred-Adekeye, Founder and CEO of Boom Technologies, emphasized the significance of this development, stating, "As champions of financial inclusion, we are honored to democratize access to equity investments, allowing both retail and institutional investors to acquire our shares with crypto and cash and benefit from the tremendous value we are creating."

The equity offering comes with several notable features. The minimum investment is set at $25,000 for retail investors and $250,000 for institutional investors. Boom Technologies is accepting all fiat currencies and cryptocurrencies for this investment round. The company is offering 4.75% of Boom Technologies (UK) Ltd, with the investment window open from August 8 to October 8, 2024. As an added incentive, the first $5 million invested will receive a 10% equity bonus.

Boom's DeFi ecosystem has already gained significant traction, with over 100,000 app downloads within just two weeks of launch. The company has also formed strategic partnerships with industry leaders like Fireblocks and collaborations with the Bank for International Settlements, further solidifying its position as a pioneer in financial innovation.

The Boom DeFi Ecosystem comprises several key components. At its foundation is the Boom blockchain, serving as the layer-1 payment rails. The ecosystem also includes the Boom superapp and Boomswap at layer 2, facilitating value exchange between merchants, consumers, and traders using Boomcoin (BMC), the ecosystem's native digital asset. Additionally, the Boom Foundation, the nonprofit arm of the organization, deploys grants for crypto-for-social-good initiatives.

This latest development in Boom's journey represents a significant step forward in the company's mission to reshape global e-commerce without traditional banking infrastructure. By opening up equity investment opportunities to a broader range of investors, including those using cryptocurrencies, Boom is not only democratizing access to its own growth potential but also further bridging the gap between traditional finance and the evolving world of decentralized finance.

Investors and industry observers alike will be watching closely as Boom continues to expand its reach and influence in the DeFi space. The success of this equity offering could set a new precedent for how growth-stage companies in the blockchain and cryptocurrency sectors approach fundraising and stakeholder engagement.

For more information about the equity investment opportunity and to learn more about Boom's innovative DeFi ecosystem, interested parties can visit the Boom Equity Investment page on the company's official website.