Robo-advisor platform Bambu announces strategic investment led by Franklin Templeton and Wavemaker.

Singapore, 30 August 2017 - Bambu, a leading B2B robo-advisor platform provider, announces it has completed a funding round led by three new investors. Franklin Templeton Investments, a global leader in asset management, becomes the first strategic investor in Bambu. Wavemaker Partners, one of Singapore’s leading venture capitalists and part of the Draper Venture Network, brings the first venture capital funding for Bambu. They are joined in the round by renowned FinTech investor Robby Hilkowitz, an early advocate of, and investor in robo-advisors globally. 

Ned Phillips, Founder and CEO of Bambu, said; “We are delighted to have both strategic and venture capitalist investors in our latest round of funding, as further validation of our B2B business model. Bambu is now a growth stage company in the rapidly changing world of digital wealth, and to gain support from leading industry players brings great momentum towards our goal of becoming the market leader in this space.”

Building on this progress, Bambu will use the new investment to accelerate its sales and business development capability to meet the increasing demand for robo-advisor solutions globally, while further strengthening the company’s R&D in Singapore.

Harshendu Bindal, Managing Director, Head of Retail (International) at Franklin Templeton Investments, said; “Our investment in Bambu stems from Franklin Templeton’s interest in advancing emerging technologies in the FinTech space that fit with our focus on being innovative in the ways we serve our clients.”

Paul Santos, the Managing Partner at Wavemaker Partners, said; “We like to invest in founders with deep domain expertise building scalable, sustainable businesses. Ned and Aki have gone from strength to strength to find customers that love their product and have built up a promising pipeline. We look forward to working with them.”

Founded in February 2016, Bambu has created cutting-edge technology solutions to have launched Singapore’s first robo-advisory platform. Over the past year, Bambu has gained significant traction within the wealth management industry through innovations in goal-based planning and artificial intelligence.

Terms of the funding round are not disclosed.

About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in more than 30 countries, the California–based company has 70 years of investment experience and over $752 billion in assets under management as of July 31, 2017. For more information, please visit  


About Wavemaker
Wavemaker Partners is an early-stage venture capital firm established in 2003 with offices in Los Angeles and Singapore. Its founders are entrepreneurs who’ve built and exited businesses themselves. US-based investments include MindBody (NASDAQ: MB), DigitalGlobe (NYSE: DGI) and StyleHaul (acquired by RTL). Singapore-based investments include Luxola (acquired by LVMH), ArtofClick (acquired by Xurpas) and Pie (acquired by Google). Wavemaker is the Southern California and Southeast Asia representative of the Draper Venture Network (DVN).


About Bambu
Bambu is a B2B robo-advisor software firm offering financial and non-financial businesses the ability to benefit from the ongoing digital transformation in wealth management. The company was founded by financial and technology industry players, Ned Phillips and Aki Ranin in February 2016.

Bambu makes saving and investing simple, and intelligent. Its White Label solution automates the process of financial planning, saving and investing for consumers, on desktop and mobile. Bambu launched Singapore's first robo-advisor in November 2016 and works with leading financial institutions around the world.

For more information, please visit

Press contact:
Laura Pereira
Marketing Manager

May Newsletter: Alibaba Entrepreneur Fund announces Bambu as 1 of 12 companies to join Jumpstarter 2017.

Earlier this year, Alibaba Entrepreneur Fund, Cyberport, and Hong Kong Science and Technology Parks announced the launch of Jumpstarter 2017, a US$3 million start-up competition, which grabbed the attention of every start-up within Asia. The program finds the best tech business and helps them grow in the Hong Kong ecosystem. 

Last Wednesday, they announced Bambu as one of the top 12 FinTech finalists heading to Hong Kong on 31 May to compete for the top three FinTech startups spots. A huge opportunity to learn from the world's leading Fintech business and we greatly appreciate being chosen.

On another note, we are moving but still within the Lattice 80 space. We have outgrown our current space with 13 people in our team so we will be shifting to the office space across which greets us with the additional benefit of a prime window view. 

Have a great month and we will check in again in June. 

Ned Phillips & the team

April Newsletter: Standard Chartered Bank signs with Bambu

 We are very proud to say Standard Chartered Bank has chosen to initiate a Proof of Concept project with Bambu. It is a huge honour as an emerging technology company to gain the confidence of one of the world's leading financial institutions. We look forward to working with Standard Chartered Bank on this new and exciting project. 

We are also hugely thankful to Janos Barberis and his SuperCharger team. Our experience through the 3-month SuperCharger accelerator program has exceeded our expectations. The program delivered all it had promised: partners, clients and connections to supercharge our business above and beyond where we were. 

Bambu has been selected to be part of the Singapore delegation for TiEcon 2017, the world's largest entrepreneurship conference, in Silicon Valley on 5 & 6 May. Bambu is one of the 11 startups representing Singapore. 

Finally, we welcome three new members to the Bambu team - Ezra Hu, Omar Tazi-Mzaalek and Lim Yi Fan. 

Best regards,  
Ned Phillips, Aki Ranin & the team


New Partnership

We would like to announce our partnership with Standard Chartered Bank to build a Proof of Concept using our robo-advisory technology and Thomson Reuters' data. Read more.

Standard Chartered Bank Press Release 

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Joining SuperCharger accelerator program was one of the best decisions made for our startup. Janos Barberis and his team have created a unique and valuable environment. 

If you are a startup, this program will truly accelerate your business; and if you are a financial institution, they are the filter needed to cut through the FinTech noise. 
Check them out

Janos Barberis and the SuperCharger team, we thank you. 

Bambu has been selected to join the Singapore delegation to attend TiEcon 2017, the world's largest entrepreneurship conference, in Silicon Valley this May. 

Read more

Introducing our new team members! 

Meet our new Project Manager, Omar Tazi-Mzaalek who oversees the management and delivery of our projects. Prior to Bambu, he was VP of Business Analysis and Development Manager at TD Securities. 

Ezra Hu, our Financial Analyst Intern, graduated with a degree in Mechanical Engineering from Nanyang Technological University (NTU). He has a strong interest in machine learning and will be assisting in the development of our Deep Learning project.

Lim Yi Fan joins us as Business Development Intern for the next few months before starting a Degree in Commerce at University of Virginia, Charlottesville.


March Newsletter: Building Foundations

Building a new business is a combination of factors - a great team, an in-demand product, timing and sheer determination - to make it work. Within the last month, we presented our product in London, Tokyo, Sydney, Kuala Lumpur, Hong Kong and Vizag. Starting this week, we will be travelling to Hong Kong (again), Seoul and Taipei. 

We have also upgraded the product for our current client, Crossbridge Capital, that recently went live. It is the essence of what we continually do to change and improve our product and service. Robo-advisory is a new business that is evolving quickly. We learn from the product, take on feedbacks and improve them. This is essential in any fast moving environment as FinTech currently is in. 

However, we still have a long way to go and we can see that it will take singular focus to be in the front pack. If you would like to find out more about Bambu, Robo-advisory or even join our team, please feel free to contact us. Our doors are always open and we are keen to listen and learn from the whole community.

Ned Phillips & the team


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