back Back

Bambu acquires WealthTech company Tradesocio to fuel expansion

By Leandra Monteiro

July 13, 2021

  • America
  • Bambu
Share

Bambu, WealthTech, Tradesocio, expansion, investment, DubaiBambu announced the acquisition of Tradesocio, a WealthTech company specialising in investment management and trading technologies with offices in Singapore, India, and Dubai. This acquisition significantly strengthens the combined business’ competitiveness globally. Bambu will now have a presence in major financial hubs and expanded digital wealth capabilities covering stock trading and cryptocurrencies.

With this acquisition, Tradesocio contributes years of experience delivering and operating high-volume trading platforms across various asset classes. The acquisition puts Bambu in a position to provide customers with a greater agency through broader system capabilities that go beyond the offerings of existing robo advisor platforms. In addition, Tradesocio’s presence across EMEA and India, along with an existing portfolio of clients, is set to further Bambu’s reach in a rapidly expanding and evolving global digital wealth market.

Ned Phillips, CEO of Bambu said, “After five years of building solid foundations, Bambu is now entering a phase of rapid growth. This deal helps us in three key areas: it expands our product offering into stocks and crypto, it gives us a wider global footprint and enables us to scale our team effectively to match exponential demand. We believe this positions us well for our Series C and ambitions of becoming the global leader in WealthTech.”

This is unlikely to be Bambu’s last acquisition as they foresee acquiring more companies that strengthen their product mix and global reach to impact the digital wealth industry.

Previous Article

July 13, 2021

Visa and McAfee partner to offer security to Visa Business cardholders

Read More
Next Article

July 13, 2021

FastPay becomes a part of AvidXchange

Read More






IBSi Daily News Analysis

June 21, 2024

America

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

Discai and Harmoney join forces to fight financial crime

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 20, 2024

GSB partners with cash deposit platform Flagstone International

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023