Booste is a fintech platform that offers revenue-based financing for ecommerce stores.
Booste is designed specifically for ecommerce businesses. We understand the dynamics of the ecommerce world and will help you to thrive in it. With the knowledge of experts we cooperate with, we will help you ensure the healthy growth of your online store.
You will receive additional funds that will allow you to accelerate the growth of your business. It is a clear and simple process, with no credit checks, equity loss or personal guarantees.
You will receive an offer in less than 24 hours. Repayments are based on your revenue so you will never have to pay more than you actually can.
To apply for our financing, you need to present at least 6 months of revenue history. This way we can prepare the best offer for you. Your business must be incorporated, and your store should be built on one of the platforms we support. You should also be running digital marketing campaigns or using the services of marketing agencies.
There is no interest. We do not charge applications, arrangements, or any other fees. You will know the exact total amount you are paying, before you accept the offer.
Our current fee is 6% for marketing and 9% for inventory funding. This is the only cost associated with the borrowed capital.
You will be able to use the funds to cover your internet marketing expenses (Google Ads, Facebook Ads), marketing services provided by an agency or pay for inventory.
As soon as you sign the agreement, you will receive a virtual card which you can use as a payment method on the advertisements platforms. You will also be able to upload your invoices for marketing services to process payment through Booste.
It’s easy! Fill in the application form and then either get on a call with our advisor or just connect your platforms in the app. We use this data to adjust the funding offer for you. When you accept the offer, you will be guided by your advisor to sign the contract.
Our data driven approach ensures we prepare the best offer for you, and allows us to not require personal guarantees or credit checks. We use the sales data of your online to analyse your eligibility to receive our funding so we need you to implement your CMS or data from shop engine and/or online marketing tools.
You can access your funds in as little as 48 hours from applying online. The first step is to assess your eligibility for our financing and propose an amount you can get.
No. We only have one, fixed fee of maximum 6% for marketing and 9% for inventory funding.
Our success team is standing by to help you with any issue that may arise during your time with Booste. You can reach us by leaving your phone number for a call back or sending us an email. Find our contact us page herehere.
Our transform protocol is protecting the data you share with Booste by encrypting and decrypting text via OpenSSL using AES-256 and AES-128 encryption. We only use SSL when connecting to your platforms. All sensitive values are signed using a message authentication code (MAC) so that their underlying value can’t be modified or tampered with once encrypted. Booste has read-only access to all of your connected platforms which means we are never able to change your data.
We also require documentation to verify the identity of the company owners. All the data you provide is securely stored and protected with end-to-end encryption, and we require only read-only access.
Revenue-based financing is an innovative way of financing fast growing businesses without losing any control or selling shares. It allows incredible flexibility in terms of repayment, as it is fully based on your revenue. To read more about revenue-based financing go here.
We understand that your business will fluctuate from month to month, so our repayments are tied to your sales. We agree with you a percentage of revenue which you will then share with us until the advance and flat fee is repaid. If your revenues are lower than expected, your repayments will follow in terms of lower repayments.
We will automatically collect the repayments, either by connecting to your payment processor or direct debit so you don’t need to worry about remembering.
Most businesses share up to 25% of future revenues. We will agree the final percentage individually, based on your budget and business needs.
Yes, our funding can scale with your business. If your company has grown significantly, contact your account manager to discuss your options. We want to be your long term growth partner, not a one time lender.
Booste repayment is considered similarly to an installment. This means that only the fee which is a part from the installment can be treated as a cost in the company. The capital part is not considered as a cost, because it corresponds to the financing level as itself.
Same as a bank loan.