SINGAPORE - Media OutReach - 12 July
Bambu, a leading global provider of robo-advisory technology, today announced
it has completed a USD 3 million Series A funding led by Franklin Templeton
Investments, with Singapore family office Octava and prominent Japanese Fintech
investor Mamoru Taniya also joining the round.
year 2018 has already become a marquee year for the two-year-old startup,
signing clients in both North and South America as well as across Asia, and
newly opened offices in London and Kuala Lumpur. Bambu also continues its
commitment to its proprietary A.I. research and solutions, with further hires
and completion of the team's first research publication.
are incredibly grateful for the support of all our existing and new investors
and customers in helping us to build a leading global robo-advisory technology
company. Early this year we already surpassed the growth targets we had set for
2018, with seven new clients preparing to go live between the Asian and U.S.
markets. This proves our B2B business model is working, as there is real global
scalability without large capital requirements. Our next ambitious goal is to
get a million end users on the platform by 2019," Bambu CEO and founder Ned
Phillips said in a statement.
our initial investment in 2017, the Bambu team has shown its ability to drive
constant innovation in the digital wealth management space. This makes Bambu a
great long-term partner for us, and we are excited to continue our support of
the team and their global expansion efforts," Harshendu Bindal, Managing
Director, Head of Retail at Franklin Templeton Investments, commented.
has recently grown to a team of 33 members, mostly based in their Singapore
headquarters, and with offices in Malaysia, Hong Kong and London.
Bambu is a leading global
provider of robo-advisory technology for businesses of every size and industry,
from finance to commercial or even new disruptors, transforming the digital
wealth market. We enable companies to make saving and investing simple and intelligent
for their clients. The cloud-based platform is powered by our proprietary
algorithms and machine learning tools.
Founded in 2016 by industry
experts Ned Phillips and Aki Ranin, Bambu is situated in Singapore with
subsidiaries in Hong Kong, Malaysia and the United Kingdom, as well as
representatives in Middle East, Africa and the Americas.
more information, please visit www.bambu.life.
ABOUT FRANKLIN TEMPLETON INVESTMENTS
Franklin Resources, Inc. [NYSE:BEN] is a
global investment management organization operating as Franklin Templeton
Investments. Franklin Templeton Investments provides global and domestic
investment management to retail, institutional and sovereign wealth clients in
over 170 countries. Through specialized teams, the company has expertise across
all asset classes--including equity, fixed income, alternative and custom
solutions. The company's more than 650 investment professionals are supported
by its integrated, worldwide team of risk management professionals and global
trading desk network. With offices in more than 30 countries, the
California-based company has 70 years of investment experience and over $724
billion in assets under management as of June 30, 2018.
For more information, please visit www.franklinresources.com