Privacy Policy

1. Introduction

Boom Technologies Ltd (“Boom,” “we,” “us,” or “our”) is committed to protecting your privacy. This Privacy Policy governs how we collect, use, store, and share your personal data when you visit Boom.market or use the Boom mobile app. We comply with GDPR, the Data Protection Act 2018, and other applicable data protection laws.

2. Scope

This Policy covers all personal data processed through Boom's website, app, partners, or affiliates. It does not apply to third-party services not managed by Boom.

3. Who We Are

Boom Technologies Ltd is the controller of your personal data and responsible for its processing.

4. Information We Collect

4.1 Data You Provide

  • KYC: name, date of birth, government ID, selfie, postal address.
  • KYB: business documents, certificate of incorporation.
  • Account data: full name, date of birth, phone number.
  • Optional: imported contacts to find peers on Boom.

4.2 Automated Data

  • Usage data: IP address, device info, browser type, timestamps.
  • Cookies and tracking technologies.

4.3 Security & Storage

  • All data is encrypted at rest and stored on UK/EU-based servers. Boom will never sell your data.

5. Why We Collect Your Data

  • To verify identity and business credentials (KYC/KYB).
  • To enable services (marketplace, wallet, escrow).
  • To comply with legal, anti-fraud, and record-keeping obligations.
  • To improve user experience and provide support.

6. Lawful Bases for Processing

We process data based on:

  • Contractual necessity (e.g. account creation)
  • Legal obligations (e.g. KYC/KYB, AML)
  • Legitimate interests (e.g. fraud prevention).
  • Consent, where required (e.g. notifications).

7. Who We Share Data With

  • No one, except Legal authorities, if required by law.
  • We will never sell your data.

8. International Transfers

Your data may be processed outside your home country, including the UK and EU. We implement appropriate safeguards in accordance with GDPR.

9. Data Retention

  • Data is retained only as long as necessary for service provision, legal compliance, or fraud prevention.
  • Users may request deletion.
  • Residual copies may remain in backups until deletion.

10. Your Rights

Under GDPR, you have rights to:

  • Access, correct, or delete your personal data
  • Restrict or object to processing
  • Request data portability
  • Withdraw consent or lodge complaints with the ICO.

11. Cookies & Tracking

We use cookies and similar tech for essential site functions and analytics. You can manage settings via your browser.

12. Security Measures

  • We use SSL/TLS encryption for data in transit and encryption at rest.
  • Access is limited to authorised personnel under confidentiality obligations.

13. Children’s Privacy

Boom is not intended for users under 16. We do not knowingly collect data from minors.

14. Third-Party Links & Services

We are not responsible for the privacy practices of external websites linked through our platform.

15. Changes to the Policy

We may update this Privacy Policy at any time without notice.

16. Contact Us

If you have questions or wish to exercise your privacy rights, contact us at:

Email: privacy@boom.market

Address: Boom Technologies Ltd, Mayfair London UK

e-commerce
without banking

Developers

Legal

Whether it’s ordering a pizza or booking your next holiday, all online payments require a bank account—yet over 2 billion adults worldwide remain unbanked, limiting their participation in the digital economy. They rely solely on cash, which cannot be spent online.

Boom Technologies Ltd (“Boom”) bridges this gap by digitising cash and connecting it to the global digital economy, empowering everyone to securely spend, accept, and save cash online—without ever needing a bank, while maintaining robust compliance with AML/KYC regulations. Each transaction is traceable, verified, and compliant with local and international financial regulations.

Digital assets are generally subject to high volatility, regulatory uncertainty, and operational risk. Users should conduct their own due diligence and may wish to seek independent financial advice before engaging in any digital asset activity.

Tokenised Cash on Boom — including the tokenised GBP (bGBP) — should not experience volatility because they are backed 1:1 by GBP-denominated reserves held in-country for the benefit of bGBP holders. These reserves are managed in a Boom Reserve Fund, custodied by regulated financial institutions, and may consist of short-term Government bonds, gold, Bitcoin, and cash.

Boom Technologies Ltd, registered in England & Wales (Company No. 15034868), is not a bank, does not operate as one, and does not intend to become one. Boom is not authorised or regulated by the UK Financial Conduct Authority (FCA).

Over 2 billion adults worldwide remain unbanked, limiting access to the digital economy. Most online payments require a bank account, but many still rely on cash, which can’t be used online.

Boom Technologies Ltd (“Boom”) digitises cash, enabling anyone to securely spend, accept, and save it online—without needing a bank account. Transactions are verified, traceable, and compliant with AML/KYC standards.

While digital assets involve volatility and regulatory risk, Boom’s tokenised GBP (bGBP) is backed 1:1 by GBP reserves held by regulated custodians. These may include government bonds, gold, Bitcoin, and cash.

Boom is not a bank and is not authorised or regulated by the UK Financial Conduct Authority (FCA).

BOOM Technologies (UK) Ltd © 2025 All Rights Reserved