BoomFi
BoomFi is a London-based, non-custodial multi-chain crypto payment gateway founded in 2023, enabling merchants worldwide to accept cryptocurrency via paylinks, checkout, subscriptions, and OTC exchange, with fiat off-ramp to bank accounts across SEPA, SWIFT, ACH, and Fedwire rails.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What BoomFi does
BoomFi is a London-based, venture-backed crypto payments company founded in 2023 that operates a non-custodial, multi-chain payment gateway enabling merchants to accept cryptocurrency and settle in either crypto or fiat. Its product suite comprises five core modules: Paylinks (no-code shareable payment URLs for one-time or recurring billing), Checkout (hosted or in-line crypto + fiat checkout), Crypto OTC (low-spread over-the-counter exchange for businesses and high-net-worth individuals), Subscriptions (recurring crypto billing), and Withdraw to Bank (fiat off-ramp via SEPA, FPS, SWIFT, ACH, Fedwire, and US Wire). The platform supports nine blockchain networks (Ethereum, Polygon, Arbitrum, Solana, Tron, BNB Chain, Base, TON, Bitcoin) and more than ten cryptocurrencies and 38+ fiat currencies, with webhook-driven event architecture using asymmetric cryptography for authenticity and replay-attack protection.
BoomFi's go-to-market is fully self-serve and product-led: merchants sign up at app.boomfi.xyz, complete KYB verification, and begin processing via hosted paylinks, low-code inline checkout, or a REST API (mapi.boomfi.xyz) — with no field sales. Distribution is supplemented by native integrations with Stripe Billing, Chargebee, WooCommerce, and WHMCS, plus an SEO-led comparison-page strategy targeting competitor keywords. The company monetizes via transaction fees: 1% + $0.25 per crypto payment (versus Radom's 0.5% + 50¢), 1% for fiat-crypto exchange, 0.5% on swaps, 0.75% on OTC transactions, and 0.25% OTC FX fee, with additional payin, payout, and $5 refund fees.
The company is co-founded by Jack Tang and Michael Si, has 11-50 employees, and raised a $3.8 million seed round in June 2023 led by White Star Capital with participation from Aquanow, Blockchain Founders Fund, GSR, Triton Capital, Mantle Network, Passion Capital, Ramp Network, The Giving Block, and Transak. BoomFi operates regulated entities across the UAE (BoomFi LLC-FZ in Meydan Free Zone), Poland (BoomFi Poland Sp. z o.o., registered for virtual asset exchange services), and Canada (Plexa Finance Ltd, FINTRAC-registered MSB), and discloses VASP and Custodial licensing as competitive differentiators. Named public customers include Hopr, LegalBison, and Zealy, and the Card Ramp product was retired in November 2025 to refocus on core crypto payments infrastructure.
BoomFi firmographics
Firmographics- Name
- BoomFi
- Legal name
- BoomFi Group
- Website
- https://boomfi.xyz
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BoomFi is a London-based, non-custodial multi-chain crypto payment gateway founded in 2023, enabling merchants worldwide to accept cryptocurrency via paylinks, checkout, subscriptions, and OTC exchange, with fiat off-ramp to bank accounts across SEPA, SWIFT, ACH, and Fedwire rails.
- Ownership category
- akta.pro rank
BoomFi industry classification
Industry- Product category
- Crypto Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Crypto Payment Gateways & Checkout APIs (FSADAIAA)
- akta.pro secondary industries
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG), On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where BoomFi is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
BoomFi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Crypto Payment Processing: BoomFi charges merchants a percentage fee plus a fixed fee per crypto transaction processed. This is the primary revenue stream from merchants accepting cryptocurrency payments.
- Fiat-Crypto Exchange (Off-ramping): Fees charged when merchants or customers convert crypto to fiat currency through BoomFi's off-ramp services, including exchange spread and transaction fees.
- Swap/Exchange Fees: Fees on currency exchange transactions when converting between different cryptocurrencies or crypto-fiat pairs within the platform.
- Withdraw to Bank: Service fees charged when withdrawing funds directly from crypto wallets to bank accounts via SEPA, SWIFT, ACH, or other rails.
- OTC Trading Fees: Transaction and FX fees applied to over-the-counter trading operations, typically for large-volume crypto-fiat conversions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Crypto Processing: 1% + $0.25 per transaction |
| Transaction based/ take rate | Pay-as-you-go | Fiat-Crypto Exchange: 1% fee on conversions |
| Transaction based/ take rate | Pay-as-you-go | Swap Fee: 0.50% on currency exchange |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
BoomFi product offering
Product offeringCore offering
BoomFi provides a non-custodial crypto payment gateway that lets merchants send, accept, and convert cryptocurrency payments across nine blockchain networks with fiat off-ramping via SEPA, FPS, SWIFT, ACH, and Fedwire. The platform centers on five integrated products — Paylinks, Checkout, Crypto OTC, Subscriptions, and Withdraw to Bank — delivered through no-code hosted pages, low-code in-line checkout, and full REST API integration. It targets global Web3 SaaS firms, e-commerce merchants, and professional service providers that need to accept crypto alongside card payments and settle in either stablecoins or fiat.
Product overview
BoomFi is a universal crypto payment suite that provides a modular platform for businesses to accept cryptocurrency and fiat payments worldwide. The core platform centers on Paylinks for creating shareable payment URLs, Checkout for seamless online store integration, Crypto OTC for exchange services, and Subscriptions for recurring billing. The platform supports multiple blockchain networks including Ethereum, Polygon, Arbitrum, Solana, Tron, BNB Chain, Base, and Bitcoin. BoomFi operates as a non-custodial payment gateway with VASP and custodial licenses, offering both crypto and fiat settlement options.
Differentiator
Problem solved
Functional benefit
Brands
- BoomFi Gateway: Software platform developed and maintained by BoomFi LLC-FZ for crypto payment processing.
Products and services
- Paylinks A crypto payment link feature enabling merchants to create and share secure payment links for one-time purchases, recurring subscriptions, or usage-based payments across nine blockchains. Links can be shared via chat, email, social media, or embedded on websites, with support for trial periods, post-payment redirects, duplicate payment alerts, and billing system integrations.
- Checkout A seamless crypto checkout solution for online stores, supporting pre-built hosted checkout pages and in-line checkout for low-code integration. Accepts both crypto and fiat card payments from a single interface, enabling merchants to add crypto as a payment option alongside cards.
- Crypto OTC An over-the-counter crypto exchange service with low spreads, low fees, and fast liquidity for businesses and high-net-worth individuals. Supports instant quotes with global coverage across 10+ payment networks including SEPA Instant, UK FPS, SWIFT, ACH, and Fedwire.
- Subscriptions A crypto subscription payments and memberships feature allowing customers to subscribe to products or services using cryptocurrency wallets with recurring billing support. Designed for Web3 SaaS businesses and any merchant with recurring revenue models who wants to bill in crypto.
- Withdraw to Bank A bank withdrawal feature enabling merchants to convert and withdraw cryptocurrency directly to bank accounts. Requires KYB completion and supports USD, EUR, and GBP settlements via SEPA, FPS, SWIFT, ACH, and Fedwire rails.
Quantifiable outcome
- Zealy achieved smooth five-digit crypto transactions and MRR growth after switching to BoomFi, resolving prior customer complaints and payment friction
- +1 more outcomes
Companies that use BoomFi
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles4 records
BoomFi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature9 records
BoomFi partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and secondary.
- StripecoreStripe Billing integration allows merchants to use BoomFi as the payment processor for their Stripe invoices. BoomFi automatically attaches crypto paylinks to Stripe invoices, enabling customers to settle using cryptocurrency. Available integrations include Stripe Billing, with webhook configuration managed through the BoomFi dashboard.
- ChargebeecoreChargebee integration enables BoomFi to incorporate crypto payment links into invoices generated by Chargebee. When a subscription is created in Chargebee, BoomFi automatically generates an associated paylink. Supports full-access API key configuration and webhook-driven synchronization between systems.
- WooCommercecoreBoomFi offers a Crypto Payments Plugin for WooCommerce available on wordpress.org. Allows WooCommerce store owners to accept cryptocurrency alongside traditional payment methods. Configuration requires BoomFi API key and payment link setup in the WordPress admin panel. Products must be marked as 'Virtual' and 'Downloadable' for automatic order completion.
- WHMCSsecondaryBoomFi's crypto payment plugin is available in WHMCS's Apps & Integrations marketplace. Supports single-item checkout for both one-time purchases and recurring payments in WHMCS. Configuration requires one-time and recurring paylinks plus an API key from the BoomFi dashboard. Currently limited to single-item checkout (no multi-item).
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
BoomFi competitors and assessment
Company assessmentDirect peers
- NOWPayments: Crypto payment gateway supporting 200+ cryptocurrencies with paylinks, checkout, subscriptions, and mass payouts. Closely comparable in product breadth, multi-chain support, and PLG onboarding model.
- Coinbase Commerce: Coinbase's merchant-facing crypto payment gateway, accepting multiple cryptocurrencies with fiat settlement. Most directly comparable to BoomFi as a crypto payment processor targeting global merchants, with significantly more brand and balance-sheet scale.
- BitPay: One of the largest crypto payment processors, offering merchant checkout, invoicing, and fiat settlement. Directly comparable product surface to BoomFi across checkout, paylinks, and subscriptions, with longer operating history and broader merchant base.
- Helio: Web3-native crypto payment gateway specifically called out in BoomFi's comparison content. Competes for SaaS and creator-economy merchants accepting stablecoin and SOL-based payments with checkout and paylink products.
- Radom: Crypto payment gateway explicitly benchmarked against BoomFi in their comparison pages at 0.5% + 50¢ pricing. Direct competitor targeting the same crypto-accepting merchant segment with a more aggressive pricing model.
- Loop Crypto: Crypto payment processor and on/off-ramp featured on BoomFi's comparison pages. Comparable offering for crypto merchant acceptance and fiat off-ramping, with overlapping target customer base in Web3 SaaS and e-commerce.
- Copperx: Crypto payment infrastructure for businesses referenced directly in BoomFi comparison materials. Comparable business model with checkout, payouts, and on-ramp services targeting similar Web3 merchant segments.
- CoinPayments: Long-standing crypto payment processor offering checkout, invoices, and fiat settlement across many altcoins. Competes with BoomFi for the same SMB and e-commerce crypto-accepting merchant base.
Emerging players
- Transak: On-ramp and off-ramp infrastructure provider integrated across Web3 applications. Adjacent rather than direct: overlaps with BoomFi's Withdraw-to-Bank and OTC capabilities, but focused on fiat-to-crypto rails for end users rather than merchant checkout.
Broad incumbents
- Alchemy Pay: Crypto and fiat payment gateway operating across multiple regions with broader portfolio than BoomFi (cards, on-ramps, checkout). A larger incumbent competing in the same crypto merchant acceptance space with more geographic coverage and a public listing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BoomFi social profiles
Digital presenceBoomFi compliance and trust
Trust signalCompliance2 records
BoomFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
BoomFi leadership team
Management profileNumber of profiles
Profiles2 records
BoomFi funding detail
Funding detailFunding overview
Funding rounds2 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BoomFi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BoomFi
What does BoomFi do?
BoomFi provides a non-custodial crypto payment gateway that lets merchants send, accept, and convert cryptocurrency payments across nine blockchain networks with fiat off-ramping via SEPA, FPS, SWIFT, ACH, and Fedwire. The platform centers on five integrated products — Paylinks, Checkout, Crypto OTC, Subscriptions, and Withdraw to Bank — delivered through no-code hosted pages, low-code in-line checkout, and full REST API integration. It targets global Web3 SaaS firms, e-commerce merchants, and professional service providers that need to accept crypto alongside card payments and settle in either stablecoins or fiat.
Is BoomFi a public or private company?
BoomFi is a private company. It is classified as venture growth investor backed and is currently operating.
When was BoomFi founded?
BoomFi was founded in 2023. It employs 11 to 50 people.
Where is BoomFi based?
BoomFi is headquartered in London, United Kingdom, in the Europe region.
How does BoomFi make money?
Five revenue lines are on record. Crypto Payment Processing is the primary driver. The others are fiat-Crypto Exchange (Off-ramping), swap/Exchange Fees, withdraw to Bank and OTC Trading Fees.
Who are BoomFi's main competitors?
Direct peers on record are NOWPayments, Coinbase Commerce, BitPay, Helio, Radom, Loop Crypto, Copperx and CoinPayments. Transak is listed as an emerging player. Alchemy Pay is listed as a broad incumbent.
Does BoomFi have an API?
Yes. BoomFi offers a REST API for developers to integrate crypto payment capabilities. The API supports key endpoints including Create Payment Link (POST https://mapi.boomfi.xyz/v1/paylinks) and Get Payment by ID (GET https://mapi.boomfi.xyz/v1/payments/{paymentId}). API keys are managed through the Dashboard settings. Webhook functionality uses asymmetric cryptography with RSA signatures for authenticity and integrity verification, including protection against replay attacks via timestamps. The API v2.0 is documented at boomfi.readme.io. Developer documentation is at boomfi.readme.io.
What industry is BoomFi in?
BoomFi's product category is Crypto Payment Processing. Its primary akta.pro industry code is FSADAIAA, Crypto Payment Gateways & Checkout APIs, with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.