SaaS

$2.5M to get yourself that Boost Capital

August 17, 2023
Image from Boost Capital

Need a power-up on your finances? Check out Boost Capital, they have a B2B2C software that lets banking clients access loans, insurance, savings, and other services–using your smartphone! No app required.

Investor check. Village Global, Iterative Ventures, Hustle Fund, Epic Angels, Xcel Next, and Insitor funded the round. 

  • Some angel investors also joined in!

⚡ The ABCs of Boost

Boost uses chat apps–Messenger, Telegram, WhatsApp–to provide financial services. Plus: 

  • Low cost. Their scalable tech can lower your operating costs while keeping customers happy.
  • In just 2 to 3 weeks. Their tech stack is light and easy to integrate!

Who needs it? Boost is aiming to serve emerging market customers and the unbanked. 

🏦 What they offer

With Boost, your clients can apply for loans, savings, credit cards, insurance, and more!

  • They enable both collateralized and uncollateralized loans for small businesses–from $25 to $40,000. 
  • Do it anywhere. Clients can’t leave work on a weekday? Boost is on 24/7.

🏦 Step by step

Yes, you don’t need an app to access their software–it’s all chat! They’ve got a chatbot application that you can talk to. 

  • Applicants receive offers for different financial products. 
  • Confirm your identity online and upload documents. 
  • Sign a loan contract–and you’re set!

↗️ What they’ll boost? 

They’ll hit new markets soon! Plus, they’re also going to grow their teams and partner up with more banks.

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