Boopos raises $30M to tackle huge online acquisition financing space
MIAMI, February 2, 2022 /PRNewswire/ — Boopos, the Miamibased in New York operating a platform that provides M&A financing facilities so talented people can become business owners, $30 million in a combined Series Seed debt and equity financing, led by Fasanara, the UK’s leading fintech and warehouse lending specialist. Other investors include Zubi Capital and early backers The Venture City, Plug and Play Tech Center, K Fund and FJ Labs, as well as high profile angel investors like Eduardo VilarSVP Merchant Solutions at Affirm or Juan de AntonioCEO and Founder of Cabify, as well as corporate and private equity firm executives.
Boopos was created in late 2020 to meet the needs of a growing class of business owners and individuals in the research fund community, as well as management teams aggressively seeking to acquire businesses as part of their basic strategy, called aggregators.
$50 billion value of small businesses are sold each year in United States, and they rarely qualify for bank financing or government-backed financing programs like the Small Business Administration’s CDC/504. Small buyers end up losing opportunities to larger groups, suffer high dilution, or risk their own wealth. With a simple application process, Boopos underwrites businesses online in less than 48 hours and offers facilities to finance up to 80% of an acquisition on a flexible, revenue-based schedule. Plus, Boopos works with business brokers to pre-approve their listings, allowing them to close a sale in less than 45 days.
So far, Boopos has supported companies like Gigalixir or Amazon brand operators like Telos Brands. With 200 qualified buyers on the waiting list and partnerships with specialized brokers such as EmpireFlippers, FE International or Quiet Light, Boopos is becoming the financial partner of choice for the online entrepreneur community.
“Capacity, in-depth business knowledge, flexibility and transparency throughout the process make Boopos a long-term partner for Telos,” explained Darien Leeco-founder and COO of Telos Brands.
Boopos vets buyers before they can access their services, ensuring they have the skills and background needed to be a successful business owner. The platform not only offers funding, but also analysis and access to pre-approved listings posted by brokers. 100 new Amazon, e-commerce and SaaS listings are published every month.
“Our mission goes beyond providing financial support to business owners. We partner with them by analyzing target companies, betting on their acquisitions and giving them the confidence to make their deals happen,” said Juan Ignacio Garcia Braschi, CEO and Founder of Boopos. “This Seed series will help us scale and continue to grow our proprietary platform of business owners. We want to make sure that funding is not a barrier for talented, committed people.”
The financial support of a fintech lending expert like Fasanara will be essential to meet the needs of clients. “Boopos is at the intersection of all the current trends in the space: mergers and acquisitions as a core strategy, alternative lending, a new wave of e-commerce development, empowering small business owners “, said Francesco FiliaCEO of Fasanara.
Founded in 2020, Boopos operates a lending platform that provides flexible financing for business acquisitions and growth. This model allows anyone to buy a business through a 100% automated process that can be completed in less than 48 hours.
Founded in 2011, Fasanara Capital is a UK FCA authorized and regulated fintech quantitative investment firm, providing access to inventive disruptive products and investment solutions that impact the real economy , making extensive use of proprietary financial technology. Fasanara’s unorthodox portfolio construction and unconventional investment strategy is a response to today’s transformational financial markets, a far cry from the twin bubbles of stocks and government bonds.