about boom

About Boom

Boom is a regulated, non-bank, decentralised payment and settlement system that lets everyone, everywhere pay and get paid online globally, in their own currency - without banks or intermediaries.

It connects 2 billion cash-dependent people and the $33 trillion in offline cash they hold, to the global digital economy, making online transactions accessible to all.

With nodes distributed worldwide - and soon in space - Boom also acts as a fault-tolerant backup for banks, keeping payments flowing for their customers during banking system outages.

Leadership

  • Peter Alfred-Adekeye

    Peter Alfred-Adekeye

    Founder, CEO, CTO

  • Paul Hemsley FCA

    Paul Hemsley FCA

    Chief Financial Officer

  • Naomi Bourgarel

    Naomi Bourgarel

    Chief Product Officer

  • Ijeoma Okoli

    Ijeoma Okoli

    Incoming General Counsel

  • Sebastiano Moschini

    Sebastiano Moschini

    Head of Merchant Partnerships


Whether it’s ordering a pizza or booking a holiday, every online payment has relied on the global banking system — leaving over 2 billion adults, holding $33 trillion in cash, unable to participate. At the same time, the banking system often lacks resilience, with outages disrupting global payments.

Boom digitises cash into stablecoins, bridging the offline and online economies and enabling anyone, anywhere to spend, accept, and save money online — securely, instantly, and without a bank account.

Each Boom stablecoin, including bGBP, is 100% backed by GBP reserves held and managed in-country by regulated financial institutions and invested in short-term government bonds, ensuring stability, transparency, and compliance from day one.

Boom Technologies Ltd is registered in England and Wales (No. 15034868). Boom Markets Ltd is registered under SCUML (No. SC151839892) in accordance with the Money Laundering (Prevention and Prohibition) Act, 2022.

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 Ltd © 2025 All Rights Reserved