1 Acquisition
Total Equity Funding
$27.58M in 3 Rounds from 2 Investors
Palo Alto, California
Boom Financial is a smartphone app that provides its users with financial services.
Financial Services, Finance, Apps, Mobile

Company Details


Boom Financial (formerly m-Via) was founded in 2008 on the premise that immigrants are being taken advantage of by traditional cash service providers in the remittance, check cashing and payday loan worlds.

Their first consumer service is the world's first cross border mobile banking service. Boom helps families share their money quickly, safely and economically. Members can load cash at one of 15,000 Boom load partner and send money via text message directly from their Boom account. The service automatically creates a new Boom account for the recipient of p2p transfers, regardless of location.

Boom offers a lot of amazing benefits:

  • Send money anywhere (globally), at any time, as many times you need and as much as you want. It's easy; everything is done from your cell phone. No charges for sending money. ENOUGH with the expensive fees every time you want to send.
  • Skip boring, tedious long lines at the stores. Just use your cell phone.
  • Send the receiver any amount you want. Boom allows you to send as little or as much as you want to anyone you want.
  • Send $5 today, $50 tomorrow, $75 a week, $300 a month. Whatever. No restrictions except the legal ones.
  • Recipients of Boom transfers are notified via text message and can immediately access their updated Boom balance. The Boom Debit Card makes withdrawals easy. Or for recipients in remote or rural locations they have a large Boom agent network for withdrawing funds directly via text message.
  • The annual membership is only $25.00, yeah.. only 25! It costs nothing to send money from one Boom member to another. ....and if you send money to someone not yet a Boom member they will waive their annual membership fee for the first year. Boom account holders get 3 free ATM transactions per month anywhere in the world - in over 200 countries. Bottom line is that Boom customers can save hundreds of dollars per year vs competing money transfer services and banks.

Boom is the most effortless, reliable and innovative money transfer and banking service out there.

No more worrying about carrying cash around. Your money is secure. Take it or send it as you need it.

Funding Rounds (5) - $33.73M

DateAmount / RoundValuationLead InvestorInvestors
Jul, 2012$17M / Venture2
Feb, 2011$10.58M / Venture0
Jan, 2011$1.15M / Debt Financing0
Mar, 2010$5M / Debt Financing0
Jul, 2008undisclosed amount / Series A1

Investors (2)

Venture (Lead)-
Series A-

Acquisitions (1)

Jan, 2015Unknown

Board Members and Advisors (4)


Products (1)


Offices/Locations (1)

  • Headquarters

    101 University Ave

    Suite 320

    Palo Alto, California 94031

    United States

Past Team (3)


Images (1)


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