Bambu eyes mak­ing wealth man­age­able

Singapore Business Review - - STARTUPS -

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.

Newspapers in English

Newspapers from Singapore

© PressReader. All rights reserved.