Robo-advisory tech outfit Bambu completes $3 million raise

Robo-advisory tech outfit Bambu completes $3 million raise

B2B robo-advisory tech platform Bambu has landed a $3 million Series A funding round led by Franklin Templeton Investments to further the company's global expansion plans.

Franklin Templeton Investments, which invested in the two-year old firm's last funding round in August 2017, was joined by Singapore family office Octava and prominent Japanese fintech investor Mamoru Taniya.

The capital raise comes just months after the Singapore-based company landed its first US client and opened offices in London and Kuala Lumpur.

"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 US markets," says Bambu CEO and founder Ned Phillips. "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.”

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