Singapore’s Bambu rakes in $10mn in Series B funding round

BambuSingapore-based Bambu raises $10 million in a Series B funding round co-led by third time investor US-based Franklin Templeton, along with first-time investor PEAK6 Strategic Capital LLC.

With the funding, Bambu aims to reach a wider B2B audience through scalable software-as-a-service solutions to financial services.

“…We see growing demand across all markets, and we are increasing our ability to serve clients globally,” said Ned Phillips, CEO and founder of Bambu.

Bambu, a digital wealth technology provider, plans to target new segments within financial services, as well as build up delivery and support teams in key global markets.

“As the future of digital wealth grows exponentially, we are delighted to be part of a scalable company that has shown potential in delivering results. We are pleased to support continuously their business growth and partnership in 2019 and beyond,” Harshendu Bindal, Managing Director – Head of Digital Strategy and Wealth Management at Franklin Templeton said.

PEAK6 Strategic Capital is a capital investment group headquartered in Chicago.

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