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Singapore wealth management startup Bambu secures $10m

August 8, 2019

FirstCOUNSEL MS

Bambu, a Singapore-based startup providing digital wealth management solutions, has secured US$10 million in a series B funding round.

Third-time investor Franklin Templeton co-led the investment, along with new investor Peak6 Strategic Capital.

With the fresh funding, Bambu said it will be able to take on new opportunities and reach a wider business-to-business audience through scalable software-as-a-service solutions.

The company plans “to target new segments within financial services, as well as build up delivery and support teams in key global markets,” said Bambu CEO and founder Ned Phillips. “We are committed to working with a global client base to digitize saving and investing so it’s easier and more accessible to investors everywhere.”

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