Bambu, the Singapore-based Robo-Advisory platform, has provided an update on their one year anniversary.
Bambu is a Fintech firm that provides a white label platform for investment managers to provide a robust array of online advisory services for desktops and mobile devices.
During the first year of operation, Bambu has generated revenue of USD $350,000 while successfully raising USD $400,000 in seed funding, Bambu has also launched Singapore’s first digital platform with Crossbridge Capital. It was also selected as one of the top 8 firms to partake in SuperCharger 2.0 Accelerator program based in Hong Kong. Bambu won the Best Early Stage Startup Award at Fintech Finals 2017 and has opened an office in Hong Kong to better serve the fast-growing Asian Fintech market.
“It’s the beginning of the journey for Bambu and I am so thankful to the people who have believed in me; the team members of Bambu who have joined me, the investors who have backed us and the clients who gave their trust and money to a start-up business. We won’t let any of them down and will continue to push as hard as we can to make this an increasingly successful business”, commented Ned Phillips, CEO and founder of Bambu.
Bambu has recently announced a collaborative program into applications of “Deep Learning and Neural Networks” in finance. Bambu believes these tools will have immense potential in simplifying and automating financial processes, that are currently complicated and cost-prohibitive.
“With our range of skills across finance, tech, wealth, and neural networks, we plan to lead the charge in Asia by providing our customers with the best technology and products that we can offer”, said Ned.
Asia is the fastest growing region in regards to Fintech utilization. Singapore has positioned itself as the leading hub for Fintech innovation in Asia.