Bamboo

Bamboo ― the first online brokerage service for Africans and their…

Lagos, Nigeria · Founded 2019 · $17.5M raised

Fintech
YC W20
Headquarters
Lagos
Employees
11–50
Founded
2019
Business Model
B2B
Total Funding
$17.5M
Last Round
$15.0M Series AJan 2022
Rounds
2

About

Bamboo is the first online brokerage service that gives wealthy Africans and their wealth managers direct access to the US and global securities. We’re building Fidelity for the African continent. For wealthy Africans and their asset managers, investing in the global capital markets is cumbersome, expensive and practically inaccessible. In Nigeria, Africa's largest economy and home to 30% of all the wealth in Sub Saharan Africa (excluding South Africa), 99.99% of the investing population do not have access to invest globally. Even for the 0.01%, if you wanted to buy a US stock, you’d have to call your asset manager who would then call an international broker to execute a trade. This is inefficient & expensive! We have a mobile app that allows individuals trade the US stock markets by themselves and a brokerage tool for asset managers to execute trades directly & manage multilple portfolios seamlessly.

Summary

Bamboo is a Fintech company based in Lagos, Nigeria, founded in 2019. It has raised $17.5M in total across 2 rounds, most recently a $15.0M Series A round in Jan 2022. Investors include Tiger Global, Greycroft and Motley Fool Ventures.

Tech & App Stack

5 technologies & apps tracked

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Funding History

Series ASeries AJan 2022
$15.0M

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Investors

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