Singaporean robo-advisor Bambu bags three tigers

By David Tuckwell on Monday 4 September 2017

Savings and Investment

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.

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.