About Boom Pay
Boom Pay is a company based in New York (United States) founded in 2020 by Kirill Moizik and Rob Whiting.. Boom Pay has raised $4.5 million across 1 funding round from investors including Starting Line, Clocktower Technology Ventures and Company Ventures. Boom Pay has completed 1 acquisition, including Rental Paca. Boom Pay operates in a competitive market with competitors including Esusu, StellarFi, RentTrack, Hatch Credit and eCredable, among others.
- Headquarter New York, United States
- Founders Kirill Moizik, Rob Whiting
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Sectors
Financial ServicesReal Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.5 M (USD)
in 1 rounds
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Latest Funding Round
$4.5 M (USD), Seed
May 31, 2023
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Investors
Starting Line
& 5 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Boom Pay
Boom Pay has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.5M
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First Round
First Round
(31 May 2023)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Boom Pay | Valuation | Starting Line |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Boom Pay
Boom Pay has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Starting Line, Clocktower Technology Ventures and Company Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are directed toward consumer brands by this fund.
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Founded Year | Domain | Location | |
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Venture capital firm focused on financial sector
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Founded Year | Domain | Location | |
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Gilgamesh is recognized as an early-stage fintech venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Boom Pay
Boom Pay has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rental Paca. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Rental apartments are discovered through an AI-driven chatbot platform.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Boom Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boom Pay Comparisons
Competitors of Boom Pay
Boom Pay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Esusu, StellarFi, RentTrack, Hatch Credit and eCredable, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering credit-building solutions through rent payment reporting
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| domain | founded_year | HQ Location |
Online platform offering credit repair solutions for consumers by reporting bill payments
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| domain | founded_year | HQ Location |
Credit score building through rent payments
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| domain | founded_year | HQ Location |
Functions as an app-based platform designed to help users build and improve their credit scores.
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| domain | founded_year | HQ Location |
Credit reports are generated using utility and bill payment histories.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Boom Pay
Frequently Asked Questions about Boom Pay
When was Boom Pay founded?
Boom Pay was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Boom Pay located?
Boom Pay is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Boom Pay a funded company?
Boom Pay is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on May 31, 2023.
What does Boom Pay do?
Boom Pay was founded in 2020 in New York, United States, as a fintech platform focused on rental payments. Renters are enabled to submit payments using credit or debit cards, bank transfers, and digital wallets. Credit scores are built for users based on verified rental payment histories. Operations are conducted primarily through the domain boompay.app, serving individuals in the rental market.
Who are the top competitors of Boom Pay?
How many acquisitions has Boom Pay made?
Boom Pay has made 1 acquisition, including Rental Paca.
Who are Boom Pay's investors?
Boom Pay has 6 investors. Key investors include Starting Line, Clocktower Technology Ventures, Company Ventures, Gilgamesh, and William Hockey.
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