Bamboo
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 2.7m | 3.8m | 9.3m | 19.7m |
% growth | - | 41 % | 145 % | 111 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$150k | Seed | ||
N/A | Early VC | ||
* | $15.0m | Series A | |
* | N/A | $17.4m | Early VC |
Total Funding | €29.6m |
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Recent News about Bamboo
EditBamboo is a fintech startup that provides a user-friendly platform for individuals, particularly those in Africa, to invest in a variety of financial products. The company operates in the financial services market, offering its clients access to investments in public listed US companies, Exchange Traded Funds (ETFs), African companies, mutual funds, and fixed income products from around the world.
Bamboo's business model is centered around making investing simple, accessible, and affordable. The platform uses fractional investing technology, allowing users to invest as much or as little as they want. This democratizes investing, making it possible for individuals with smaller amounts of capital to participate in the financial markets.
The company generates revenue by charging fees on the investments made through its platform. It also offers educational resources to help clients understand the basics of investing, further simplifying the process.
Bamboo places a strong emphasis on security, using state-of-the-art data encryption and two-factor authentication to protect users' financial information. The company is backed by top financial market operators and exceeds traditional banking security standards. Its payment processor, Flutterwave, is PADSS & PCIDSS compliant, satisfying the highest level of Security Audit available.
In addition, Bamboo offers a fixed-income dollar-denominated investment product, Bamboo Fixed Returns, which provides up to 8% annual returns. This allows users to diversify their portfolios and invest their extra cash.
Keywords: Fintech, Investing, Fractional Investing, Financial Education, Security, Africa, US Stocks, Exchange Traded Funds, Mutual Funds, Fixed Income Products.