Boyko was born and raised in Montreal, Quebec, to a Quebecois mother and Ukrainian father.^[2] He earned a bachelor of commerce degree from McGill University in 1992,^[3] and became a certified general accountant in 1997.^[4]

Boyko started his first business, Campus Gourmet, in 1991 at the age of 19. The company sold precooked meals to students at McGill University.^[2][5] He then founded the online fundraising company Universal Fundraising Group with a $2,000 loan from the Business Development Bank of Canada.^[2] It was rebranded as eFundraising.com in 1998,^[5] and sold to ZapMe in 2000 for $25 million.^[6]

In 2007, Boyko and Alexandre Taillefer founded digital music provider Stingray Digital Media Group,^[3] with Boyko serving as president and CEO since the company's inception.^[7][8] The company sells commercial-free music streams to cable and satellite television providers to add to their subscribers' packages,^[2] as well as a music streaming app and an online service for consumers and businesses.^[9] Unlike many of its streaming music competitors, Stingray uses human curators rather than algorithms to generate playlists.^[10] It was launched with the $6 million purchase of karaoke company Soundchoice, which was then renamed The Karaoke Channel.^[2][3] A year later, Stingray purchased music-streaming TV channel Galaxie from the Canadian Broadcasting Corporation for $65 million, and renamed it Stingray Music.^[3]

The company went public on June 3, 2015, on the Toronto Stock Exchange.^[1][11]

In December 2018, the company officially changed its name to Stingray Group, Inc.