Bambu

wealthtech-retailrobo advisors

FOUNDING YEAR: 2016
LOCATION: Singapore
Last Update: 08/09/2020

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About

Bambu is a B2B Robo Advisor based in Singapore that provides digital wealth services. Their white-label solutions are available for retail, affluent and private banking segments . Their Robo-in-a-Box offering is available through their DriveWealth partnership

MEDICI Analysis

Bambu is a B2B Robo Advisor based in Singapore that provides digital wealth services. Their white-label solutions are available for retail, affluent and private banking segments. Their Robo-in-a-Box offering is available through their DriveWealth partnership. Bambu has gained significant traction within the wealth management industry through innovations in goal-based planning and artificial intelligence.

Focus

PRODUCTS & SERVICES

Their while label solution creates a personalized portfolio and risk profile for user's goals. By partnering with Bambu, DriveWealth offers a Robo-in-a-Box solution that covers a complete end-to-end integrated platform.

REVENUE MODEL

Initial POC, then integration fee, then ongoing SaaS fee offset by Revenue Share.

MAIN CLIENTS

Retail consumer

EXISTING PARTNERSHIPS

Thomson Reuters

Tigerspike

Finantix

Eigencat

DriveWealth

PRIMARY PROBLEM SOLVED

Saving and investing is complicated and expensive. The industry is full of useless jargon. Real financial advice is restricted to only the rich. Retail investors don't even qualify for any personalized service. Retail investors are restricted to high-cost mutual funds and unit trusts.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$100k - $499

REVENUE COMMENT:

Our strategy is to initially engage clients through a small/quick POC, which allows us to secure long-term contracts

People

FOUNDERS

Ned Phillips

Aki Ranin

Luke Janssen

NUMBER OF EMPLOYEES

11-50

INVESTORS:

BANSEA

Draper Venture Network

Franklin Templeton

Franklin Templeton Investments

Fusion

L.P.

Level39

Mamoru Taniya

Octava

PEAK6 Investments

Tigerspike

Wavemaker Partners

KEY EMPLOYEES:

Ned Phillips (CEO); Aki Ranin (COO)

Momentum

FUNDED

YES

TOTAL FUNDING

$13.4 M

DATE OF LAST FUNDING

Jul 2019

TOTAL FUNDING COMMENT

The company is planning to use the new investment to further accelerate global expansion. (July 2018)

SEED & PRIOR FUNDING

$400 K

SEED CLOSED ON

Aug 2016

SEED PRIOR FUNDING COMMENT

An undisclosed strategic investment was raised in August 2017.

FUNDING SERIES

SERIES A  · $3 M  · Jul 2018

SERIES B  · $10 M  · Jul 2019

LISTED

NO

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Bambu

About

Bambu is a B2B Robo Advisor based in Singapore that provides digital wealth services. Their white-label solutions are available for retail, affluent and private banking segments . Their Robo-in-a-Box offering is available through their DriveWealth partnership

Focus

PRODUCTS & SERVICES

Finance isn't changing. It has changed. Robo Advisory is creating a fundamental change in how people save, invest and manage their wealth. Robo Advisory is for all, from the lowest to the highest income. Bambu is a B2B Robo Advisor firm that offers financial and consumer brands the ability to integrate and benefit from the shift in digital wealth. Bambu has built a white label SaaS platform that can be customized and integrated into your business. We offer solutions for retail, mass affluent and private banking. We start from simple goal-based savings products, all the way to actively managed equity portfolios at the top end. Our digital platform provides an innovative, cost-effective and user friendly entry point into the world of saving, investing and wealth management. Our business is built on solid partnerships with leading providers such as Thomson Reuters, Finantix and DriveWealth. Bambu is proud to be the platform for Singapore’s first Robo Advisory, CONNECT by Crossbridge. Milestones: - Won the Best Early Stage Startup Award at Next Money Fintech Finals 2017 - Top 8 in SuperCharger 2.0 Accelerator Program in Hong Kong

REVENUE MODEL

Initial POC, then integration fee, then ongoing SaaS fee offset by Revenue Share.

TOP PROBLEM SOLVED

Saving and investing is complicated and expensive. The industry is full of useless jargon. Real financial advice is restricted to only the rich. Retail investors don't even qualify for any personalized service. Retail investors are restricted to high-cost mutual funds and unit trusts.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Bambu's core platform is a .NET backend offering API's for various use-cases within Wealth Management, covering end-to-end Robo-Advisory services. These API's are extended by our proprietary algorithms, run as Python scripts. These algorithms provide the intelligence components for areas such as financial planning and market data analysis. Our front-end technology of choice is Angular.js, which provides a seamless and smooth user experience for desktop and mobile browsers. We have separate front-ends for Retail, Affluent and Private Banking scenarios. Additionally we have integrations to our partners DriveWealth and Thomson Reuters, as well as to our white label client systems. Beyond our core platform, our R&D focus is on the intelligence we can add to the advisory and portfolio management processes. These methods are based on mathematical optimization, machine learning and deep learning frameworks.

KEY DIFFERENTIATORS

1) Bambu focuses on the Financial Planning process of Wealth Management, helping people put together reasonable and simple plans for their financial lives. We believe saving and investing should be more simple, not more complicated. 2) We focus a lot of our R&D on the intelligence of the platform, both through developing our proprietary algorithms, as well as our Deep Learning research programme with the University of Stirling. 3) Our strategic partnerships with DriveWealth and Thomson Reuters give us scalability, globally. The Thomson Reuters channel not only gives us data and access to other markets, but the ability to deploy on their App Store for a true SaaS model.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

STRATEGIC CLIENTS AND PARTNERSHIP

Crossbridge Capital : Customer

Thomson Reuters : Channel Partner

DriveWealth : Technology Partner

Traction

ANNUAL REVENUE:

$100k - $499

REVENUE COMMENT:

Our strategy is to initially engage clients through a small/quick POC, which allows us to secure long-term contracts

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

4

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

We seem to be attracting huge amounts of traction,talent despite our short journey so far,,we're doing our best to build a winning team to capture all this demand in Asia,beyond. Ultimately we feel there is a lot of good we can achieve, by making wealth management a normal part of life for all, not just the privileged.

INVESTORS:

Tigerspike

Momentum

FUNDED

YES

LISTED

NO

FUNDING SERIES
Seed
Aug 2016
USD400 K
Comment on Seed
Seed funding from Singapore-based Angel investors.