Lloyed Lobo

Lloyed Lobo is an entrepreneur and co-founder of Boast.ai, a fintech platform that simplifies the process for companies to claim and finance research and development (R&D) tax credits and government incentives. He has played a pivotal role in helping Boast.ai grow into a successful business, achieving over $10 million in annual recurring revenue (ARR) and serving more than a thousand customers.124

Early Life and Background

Born in Kuwait to Indian parents, Lloyed experienced significant challenges during his childhood, including the Gulf War, which shaped his understanding of community and resilience. His family later moved to Canada, where he began his entrepreneurial journey in 2012. Lloyed faced numerous setbacks and failures in his early ventures before successfully launching Boast.ai.13

Career and Achievements

At Boast.ai, Lloyed has emphasized the importance of community building as a strategy for business growth. Initially, the company faced difficulties in gaining traction, but by pivoting to a community-focused approach, they were able to better understand their customers and expand through referrals and partnerships. This strategic shift ultimately led to the company's success in reaching significant revenue milestones.124

Lloyed has also shared insights on the importance of community in business through various podcasts and interviews, highlighting how it can serve as a powerful tool for brand differentiation and customer loyalty. His experiences have been documented in interviews and podcasts, where he discusses the lessons learned from his entrepreneurial journey and the impact of community on business success.24

Personal Insights

Despite his professional achievements, Lloyed has faced personal challenges, including struggles with mental health and a reevaluation of life priorities after selling a majority stake in Boast.ai. His journey reflects a deep commitment to building meaningful connections and understanding the human aspects of entrepreneurship.13

Overall, Lloyed Lobo's story is one of resilience, community engagement, and innovative thinking in the fintech space, making him a notable figure in the startup ecosystem.