Boom Financial takes USD17 million for mobile payments

USD17 million Series C round of funding

Mobile payment service Boom Financial has raised a USD17 million Series C round of funding led by Digicel Limited, with participation from previous backers. Founded in 2008, the California-based firm provides payment, transfer and banking services to US immigrant populations, who often do not have credit cards or bank accounts. The firm says that it is planning to spend the new backing on growing its business in the US, Latin America and the Caribbean as well as building up its developer team outside the US.

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