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# Chao Yan Joins BoomFi as Co-founder & CTO: Spearheading Next-Gen Crypto Payment Innovations
- URL: https://blog.boomfi.xyz/chao-yan-joins-boomfi-as-co-founder-cto-spearheading-next-gen-crypto-payment-innovations/
- Published: 2023-11-24T14:07:00.000Z
- Updated: 2023-12-13T13:08:49.000Z
- Description: Fintech veteran Chao Yan joins BoomFi as Co-founder and CTO, ushering in a new era of innovative crypto payment solutions
- Author: Aditya sharma
- Tags: Announcements

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](https://elwood.io/?ref=blog.boomfi.xyz), 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](https://whitestarvc.com/?ref=blog.boomfi.xyz), with significant contributions from [Passion Capital](https://www.passioncapital.com/?ref=blog.boomfi.xyz), [Blockchain Founders Fund](https://blockchainff.com/?ref=blog.boomfi.xyz), [Kraken Ventures](https://www.kraken.com/?ref=blog.boomfi.xyz), [GSR](https://www.gsr.io/?ref=blog.boomfi.xyz), [Aquanow](https://www.aquanow.io/?ref=blog.boomfi.xyz), [Mantle Network](https://www.mantle.xyz/?ref=blog.boomfi.xyz), and founders from notable companies like [Moonpay](https://www.moonpay.com/?ref=blog.boomfi.xyz), [Ramp Network](https://ramp.network/?ref=blog.boomfi.xyz), [Transak](https://transak.com/?ref=blog.boomfi.xyz), [Layer Zero](https://layerzero.network/?ref=blog.boomfi.xyz), and [The Giving Block](https://www.thegivingblock.com/?ref=blog.boomfi.xyz). 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](https://world.einnews.com/pr%5Fnews/uk/670552203/boomfi-adds-chao-yan-as-the-new-co-founder-cto?ref=blog.boomfi.xyz).  
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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](https://www.boomfi.xyz/?ref=blog.boomfi.xyz).