Bambu raises $3m in Series A funding
In a round led by Franklin Templeton Investments, B2B robo advisor Bambu has raised $3 million in Series A funding. The capital will be used to fuel the Singapore-based fintech’s global expansion, reports David Penn at Finovate.
Bambu CEO and founder Ned Phillips says it has topped growth targets for the year, and points to seven new clients in Asia and the US that were slated to go live soon.
He adds: “Our next ambitious goal is to get a million end users on the platform by 2019.”
Also participating in the round were Singapore family office Octava and Japanese fintech investor Mamoru Taniya.
The funding takes Bambu’s total capital to more than $4 million.
This spring, Bambu opened offices in London and announced a number of new additions to its team – including a new MD in Europe, Nick Wakefield.
The company also made a trio of new hires who will fulfill roles in artificial intelligence (AI), design, and front-end development.
