Boopos is committed to becoming the leading SMB investment bank and the partner of choice for M&A specialists and buyers alike. Boopos solves traditional pain points in the acquisition process, offering users thorough due diligence, dedicated support from start to finish, and fast, flexible financing.

Through an extensive due diligence process that includes a direct seller conversation and requires 24+ months of profit and loss statements (P&L), Boopos makes sure the business a customer buys has proven profit potential — even if they didn’t find it on the marketplace. Boopos then offers acquisition loans with flexible terms, no personal guarantees, and no penalties for paying the loan off early. Customers also have the guidance of a designated advisor for one-on-one support throughout the process.

As a new and innovative solution in a space that traditionally has high barriers to entry, Boopos knows how important earning – and keeping – the trust of their customers is.

To ensure that every business on the marketplace has profit potential, sensitive business financial data like profit and loss statements are shared and vetted throughout the due diligence process. At the same time, Boopos needs to collect sensitive financial information from buyers – like proof of funds and a soft credit check – on their marketplace in order to pre-qualify them for any business acquisition loans.

Protecting all of this sensitive information is crucial not only from a compliance standpoint but also to maintain trust with stakeholders. The risk here is twofold: accidental leaks due to sensitive data sprawl, and malicious intent from insiders or external hackers. As the data moves through different phases of due diligence, it becomes increasingly complex to keep track of who has access to what, creating additional privacy challenges.

Boopos worked with Skyflow to isolate, protect, and govern sensitive data in Skyflow Data Privacy Vault so they could ensure the highest level of data privacy for their customers.