Bambu goes global with new office and talent
The news that robo advisor Bambu has opened a new office in London and won its first American client is a reminder that, in fintech, when the going is good, the good go global, reports David Penn at Finovate.
“We would like to announce a new client project based in America that we landed recently,” the firm says. “We are looking forward to working with them on building a robo solution for their region and will update you all with more details as we get closer to launching it.”
Bambu also says it will open its new London office in April at Level39, Europe’s largest fintech accelerator space. The company says the new offices are part of its “long-term growth strategy to offer our services and expertise on a global scale”.
Recently recognised as one of Singapore’s hottest start-ups, Bambu is a B2B robo advisor that helps businesses make wealth management services a part of their digital transformation.
Its robo advisory provides users with automated, technology-augmented and algorithm-based portfolio management. The company offers Intelligent Advisor, a solution for private banks and wealth managers; a white-label robo advisory service geared toward banks, asset managers, and insurance companies; and the Bambu API developer hub, an API library of independent modules that provides developers with the tools necessary to add functionality to the robo advisor platform.
The company also took the time to welcome a quartet of new members to the team. In addition to a new MD in Europe, Nick Wakefield, Bambu will enhance its artificial intelligence (AI), design, and front-end development efforts with the appointments of Chen Jie Yang, Hui Min Lee, and Tino Sambora, respectively.
Founded in 2016 and headquartered in Singapore, Bambu has raised more than $1 million in funding and includes Franklin Templeton Investments and Wavemaker Partners (part of the Draper Venture Network) among its investors.
