Boom Financial Secures $17,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=695ae1c1-7409-4400-8036-906a449ff6cf&Preview=1
Date
7/19/2012
Company Name
Boom Financial
Mailing Address
440 N. Wolfe Rd. Sunnyvale, CA 94085
Company Description
Boom Financial is a pioneering money remittance company focused on allowing consumers to use any mobile phone to make international money transfers.
Website
http://www.useboom.com
Transaction Type
Venture Equity
Transaction Amount
$17,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Palo Alto, Calif.-based m-Via has raised $17 million in new capital and changed its name to Boom Financial. Digicel Group led the round, which will be used to expand its sales and marketing, as well as bolster its product team.
M&A Terms
Venture Investor
Digicel Group
Venture Investor
RRE Ventures
Venture Investor
Undisclosed