Booyami

The company was founded in 2011 by a former Microsoft employee James Walter and a former vice-president of Bank of America, Corey Ross.

By the end of 2011, the company raised over $900,000 of venture capital towards patenting their ideas and towards the new hires needed for the product development.

[13] In April 2013, the first financial institution, Numerica Credit Union, successfully integrated the product into its C&I loan system.

[14] At the same time Booyami started its second product, Finagraph, designed to assess small businesses for loan eligibility.

[1] Selling Finagraph to US banks was aggravated by "the steep regulations in the industry," and Booyami searched for alternative ways to promote and distribute the product.

[10][19] BBC Easy (stands for ″Borrowing Base Certificates made Easy″) is a cloud application that streamlines processing of small business loans.

[20] BBC Easy simplifies underwriting by generating required forms and reports directly from borrower's accounting system, thus reducing errors, fraud, and in turn, lenders' risks.

[8] After the application launch in November 2012,[13] Booyami focused on credit unions as the primary market for BBC sales.