Austin, TX - Boom, a leading financial technology company based in Austin, Texas, has announced the successful completion of its seed funding round, raising an impressive $4.5 million. The round was led by Clocktower Technology Ventures, Company Ventures, Gilgamesh Ventures, Starting Line, and Plaid, with participation from other prominent investors.

Boom is on a mission to build the ultimate financial hub for the more than 110 million renters in the United States. Recognizing the unique challenges faced by renters, Boom has developed innovative rent payment tools that empower individuals to pay their rent on a schedule that aligns with their financial situation, while also helping them build credit in the process.

With this latest round of funding, Boom plans to accelerate the development and expansion of its cutting-edge financial services platform, catering specifically to the needs of the vast and underserved renter population. The funds will be utilized to enhance Boom's technology infrastructure, drive product innovation, and scale its operations nationwide.

"We are thrilled to have raised $4.5 million in seed funding, as it represents a significant milestone for Boom and validates our vision to transform the financial landscape for renters," said Rob Whiting, Co-Founder of Boom. "This investment will enable us to further empower individuals with the tools they need to manage their finances effectively and build a brighter financial future."