Singapore's Bambu gets major investment backing
Bambu gets backing from top asset house, top venture capitalists and a top private investor.
Singaporean robo-advice software firm Bambu has completed a funding round, led by three titans of the investment world.
Franklin Templeton, a global asset house, Wavemaker Partners, a top Singaporean venture capital firm and Robby Hilkowitz, a private investor, have all jumped on board offering money and expertise.
“We like to invest in founders with deep domain expertise building scalable, sustainable businesses,” said Paul Santos, a managing partner at Wavemaker.
“[Bambu has] gone from strength to strength to find customers that love their product and have built up a promising pipeline. We look forward to working with them.”
Founded in 2016, Bambu is a business-to-business robo-advisor that offers a white labeling service, allowing big companies to automate financial planning.
According to a press release, Bambu will use the new investment to build its sales and business development to meet the global demand for robo-advice.