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Bamboo
Bamboo is a micro-investing mobile application that allows users in Australia to invest in digital assets like cryptocurrency and precious metals. The app simplifies investing by using features such as rounding up spare change from daily purchases, top-ups, and dollar-cost averaging. It caters to both individual investors and Self-Managed Super Funds (SMSFs), with plans to expand to the USA.
Perth, Australia
Description
Bamboo, operated by Bamboo 61 Pty Ltd, is an Australian micro-investment application that enables users to invest in digital assets such as cryptocurrencies and precious metals. The platform simplifies investing through features like rounding up spare change from daily purchases, top-ups, dollar-cost averaging, and portfolio rebalancing. Users download the mobile app, connect their bank account via a third-party service, and can then automate their investments into custom or pre-set portfolios. The service is designed for both individual investors and Self-Managed Super Funds (SMSFs) and is currently available to Australian residents, with plans for a US launch. Bamboo holds assets on behalf of users, who are entitled to the proceeds from their sale. The company adheres to Australian privacy laws and may store user data in countries outside of Australia.Grant Funding
VC Funding
None
2021
$0
$3M