Bambu eyes making wealth manageable
Singapore’s rapid economic growth in recent years has led to robust demand for various wealth management services, particularly in the financial technology (fintech) sphere. However, most of these services were still not at par with the demands of customers and were not time-efficient, cost-efficient, universally accessible, or simple.
Bambu – a B2B digital wealth management service firm providing automated, technology-augmented, and algorithm-based portfolio management services – was established just last year to address these issues, “offering financial and non-financial firms the ability to integrate and benefit from the shift in digital wealth.” Services include digital strategy and backend integration.
“Bambu provides an innovative, cost-effective, and efficient entry point into the world of investing and wealth management,” says Ned Phillips, Bambu’s founder and chief executive officer. “Based in Singapore and Hong Kong, we market our services Asia-wide,” he adds.
With Phillips, Aki Ranin forms Bambu’s main leadership team as chief operating officer. They plan to aggressively build Bambu’s presence in Asia and invest in research and development. As of August 2016, Bambu has raised US$400,000 in funding from a seed round.