Chao Yan Joins BoomFi as Co-founder & CTO: Spearheading Next-Gen Crypto Payment Innovations

We're thrilled to share some exciting news: Chao Yan, a seasoned professional with an impressive track record in the fintech industry, has joined us as our new Co-founder and Chief Technology Officer (CTO). Chao's expertise and vision are perfectly aligned with our mission to drive next-generation crypto payment innovations.

Introducing Chao Yan

Chao Yan comes to BoomFi with a robust 17 years of experience in fintech. Known for his significant contributions as a technical co-founder and former CTO at Elwood, Chao has been pivotal in advancing digital asset solutions for institutional players. His efforts have led to a remarkable $70M Series A funding at Elwood, with support from renowned investors such as Goldman Sachs, Dawn Capital, Barclays, Galaxy, and more.

Chao Yan's Vision for BoomFi

Chao expresses his enthusiasm about his new role: "Excited to be joining as Co-founder & CTO. BoomFi stands at the convergence of innovation and practicality, revolutionizing the way businesses interact with digital payments. Here, we're not just chasing the next trend; we're crafting the future of digital transactions to be more intuitive, efficient, and universally accessible. My commitment is to infuse our journey with the depth of experience I bring, steering our team towards groundbreaking achievements in digital finance. The road ahead for BoomFi is one of discovery and impact, and I am eager to navigate this exciting terrain."

BoomFi's Recent Funding Success

Highlighting BoomFi's trajectory in the fintech space, the company recently raised $3.8 million in a funding round. This round was led by White Star Capital, with significant contributions from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network, and founders from notable companies like Moonpay, Ramp Network, Transak, Layer Zero, and The Giving Block. This funding round is further bolstered by the support of former executives from Stripe, Revolut, and Worldpay, illustrating BoomFi's potential to redefine the fintech landscape.

Looking Ahead

Chao's appointment comes at a pivotal time when secure and efficient crypto payment solutions are in high demand. His joining is a testament to BoomFi's commitment to leading the digital revolution in payments, offering innovative and user-friendly solutions to businesses and individuals. For more details on Chao Yan’s appointment and his vision for BoomFi, check out the press release.
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Stay tuned for more updates as we continue to push the boundaries in the world of digital payments. To learn more about BoomFi, visit our website.