about boom

About

Ordering a pizza or booking a holiday may seem simple—but all online transactions require access to a bank account. Yet, over 2 billion adults worldwide remain unbanked, relying solely on physical cash and excluded from the digital economy.

Boom Technologies Ltd (“Boom”) bridges this divide by digitising cash and connecting it to the global digital ecosystem. Our platform enables individuals and merchants to securely spend, accept, and save cash online—without needing a bank account—while upholding strict compliance with AML/KYC regulations. Every transaction is traceable, verifiable, and aligned with local and international financial standards.

By bridging the cash and digital economies, Boom enables cross-border interoperability, expands access to essential services, and promotes broader financial inclusion—all while maintaining full regulatory integrity.

We place a strong emphasis on consumer protection, embedding safeguards, transparency, and data privacy into the core of our systems to ensure trust and accountability.

In addition, Boom facilitates the collection of VAT on previously untaxed, cash-based transactions, unlocking new public revenue streams for governments to invest in healthcare, education, and infrastructure.

Our tokenised cash products—such as bGBP—are backed 1:1 by GBP-denominated reserves held in-country for the benefit of holders. These reserves are managed in a dedicated Boom Reserve Fund, custodied by regulated financial institutions, and may include 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)

The Fact

When the Internet was commercialised in the mid-90s with payments provided only by the banking system, it excluded a large portion of the global population—those without access to banking or living in cash-based economies—preventing their participation in e-commerce.

Hal Finney's invention of Bitcoin and blockchain technology made online payments without banks possible.

Boom has commercialised this innovation as the commerce, payment and settlement system for cash, enabling online transactions without the need for traditional banking.

Our Vision

To maximise human economic potential

Our Mission

Boom has ushered in a new era of financial freedom by enabling everybody to transact online without banking, and to pay for goods and services across borders in their local currencies.

As an equitable, inclusive, and currency-agnostic global commerce ecosystem, Boom connects the cash-based economies of Africa and other emerging markets to the global digital economy as a partner for their GDP growth, while securing the socio-economic well-being of their citizens, for generations to come.

Join Us

Boom is on a mission to make commerce more equitable and inclusive for all of humanity.

We are keen to partner and onboard individuals, businesses, merchants, and corporates across the commerce landscape that are aligned with the social and economic impact of our mission. So do get in touch if you are.

Some Team Members

Peter Alfred-Adekeye

Founder, CEO, CTO


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