BoomFi provides a universal crypto payment suite enabling businesses to accept digital asset payments online, in-person, or via payment links. The platform supports seamless crypto-to-fiat settlement and offers recurring subscription capabilities for various business models. Additionally, it features a Crypto OTC desk for low-fee exchange with fast liquidity for businesses and high-net-worth individuals.
Funding
$3.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
WSFounders
Product
Problem
Many businesses are hesitant to adopt cryptocurrency payments due to the complexities involved in integrating with multiple blockchain networks, managing conversions between crypto and fiat currencies, and ensuring compliance with evolving regulations. Existing crypto payment solutions often lack the flexibility to support various pricing models, leading to inefficiencies and missed revenue opportunities.
Solution
BoomFi provides an all-in-one crypto payment gateway designed to streamline the acceptance, sending, and conversion of digital currency transactions for businesses of all sizes. The platform supports multiple blockchain networks, including Ethereum, Polygon, Solana, Tron, Arbitrum, and BNB Chain, enabling businesses to reach a wider customer base. BoomFi offers features such as payment links, subscriptions, checkout, crypto ramp, and crypto OTC, accommodating diverse pricing models like one-time checkouts, recurring payments, invoicing, and usage-based billing. The platform also facilitates real-time AML transaction monitoring for regulatory compliance and allows businesses to settle in their preferred crypto or fiat currency.
Target Audience
BoomFi targets e-commerce businesses, SaaS providers, event organizers, professional service firms, and other businesses looking to accept cryptocurrency payments and expand their customer base.
Features
- Support for multiple blockchain networks: Ethereum, Polygon, Solana, Tron, Arbitrum, and BNB Chain
- Versatile payment options: payment links, subscriptions, checkout, crypto ramp, and crypto OTC
- Flexible pricing models: one-time checkout, recurring payments, invoicing, tiered pricing, and usage-based billing
- Non-custodial solution: Your wallet, your keys
- Real-time AML transaction monitoring for regulatory compliance
- Fiat settlement: Settle in USD, EUR, or GBP
- Crypto ramp: Buy and sell crypto with low fees and fast KYC onboarding
- Crypto OTC: Low fees, tight spreads, and fast liquidity for crypto and fiat exchange
- Integrations with Stripe, WooCommerce, Chargebee, Xero, QuickBooks, and Zapier
- Developer-friendly API with comprehensive documentation