Boon Investments
Investment Management - , New Jersey, United States
Boon Investments Employees
Boon Investments Details
Boon is a mobile app which provides the growing middle class in emerging markets access to a diversified portfolio of US equities and bonds. We accomplish this by integrating with the newest technologies in the remittance space, like TransferWise and Bitcoin. The majority of developers in remittance have focused their attention on using these new technologies to move money out of the United States. We are trying to use them to bring money in. Currently, the only viable substitute Non-US residents have to invest in US markets are traditional financial institutions, where excessive international transfer fees, unreasonable minimum investments, and general distrust have made investing unfeasible. Unfortunately, this forces many would-be investors who live in countries with volatile financial markets to simply hold their savings in cash or cash equivalents. Cash is a very poor long term investment, especially when one considers the annual inflation rates of many developing countries.
