# Booste

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/booste

- Industry: Financial Services
- Headquarters: Szczecin, Poland
- Website: www.booste.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Jan 27, 2021)
- Investors on record: 1

## About

Based in Szczecin, Poland, and founded in 2020, Booste SA provides revenue-based financing to e-commerce companies. The company was co-founded by Yakub Pietraszek and Michael Kacprzak and supported by Tar Heel Capital Pathfinder as a Venture Builder. In June 2021, the company raised its latest Series A funding led by DialCom24.

The company offers an alternate option to e-commerce businesses that can mitigate equity loss with revenue-based financing. The option offered by the company enables e-commerce businesses to access funds when needed and pay them back depending on their revenue income. The e-commerce companies take a loan from Booste SA and pay back a fixed percentage of their monthly revenues until the full loan is repaid.

The company generates revenue by charging a percentage between 5% to 20%, along with a 6% flat fee for marketing activities or a 9% flat fee for inventory for every loan availed by the e-commerce businesses.

The company plans to further develop its platform and make the application process easier. The company is also planning on its expansion to the UK and Europe that will respond to the growing needs of e-commerce businesses.

## Funding rounds

- Seed, Jan 27, 2021, $0.5M — Tar Heel Capital

## Investors

- Tar Heel Capital (https://capitalatlas.ai/funds/tar-heel-capital) — Seed