Curated News
By: NewsRamp Editorial Staff
August 14, 2024
Boom Technologies Secures $500M Growth Capital, Offers Crypto-Enabled Equity
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Discuss on SubstackTLDR
- Invest in Boom Technologies to gain an advantage in the DeFi market and be part of a cutting-edge financial ecosystem.
- Boom Technologies offers a secure and seamless DeFi ecosystem for the unbanked to store, move, exchange, and spend cash online.
- Boom Technologies is democratizing financial inclusion, enabling billions of unbanked individuals and businesses to access secure financial services.
- Boom Technologies' innovative DeFi ecosystem allows users to securely store, move, and spend cash online, shaping the future of global e-commerce.
Impact - Why it Matters
This news matters because it highlights Boom Technologies' commitment to democratizing financial inclusion and enabling a broader range of investors to participate in the company's growth. The company's innovative DeFi ecosystem bridges the gap between cash-based fiat economies and the global digital marketplace, providing secure and seamless access for billions of unbanked people.
Summary
Boom Technologies, a DeFi unicorn and e-commerce provider, has secured $500 million in growth capital from a prominent Dubai-based family office. The company is now offering both retail and institutional investors the opportunity to purchase equity in Boom Technologies using cryptocurrency or cash. This crypto-enabled equity offering targets to raise $47 million and reinforces Boom's commitment to democratizing financial inclusion by enabling a broader range of investors to participate in the company's growth.
Investment details include a minimum investment of $25,000 for retail investors and $250,000 for institutional investors, accepted currencies in all fiat and cryptocurrencies, and a total equity available of 4.75% of Boom Technologies (UK) Ltd. The investment window is from Aug. 8 to Oct. 8, 2024, with a bonus offer of a 10% equity bonus for the first $5 million invested.
Boom's DeFi ecosystem continues to set new standards for financial innovation, with over 100,000 app downloads within two weeks and a growing user base. The company's innovative approach bridges the gap between cash-based fiat economies and the global digital marketplace, providing secure and seamless access for billions of unbanked people.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Boom Technologies Secures $500M Growth Capital, Offers Crypto-Enabled Equity
