2020 Year in Review

It’s hard to believe that the year has flown by so quickly that we are a couple of weeks away from welcoming 2021. To wish 2020 farewell, we’re recapping our top 10 most memorable milestones. Here’s a look back at 2020.

New projects: 9 

Employees: 70+ globally

Sales: Doubled in 2020

New markets: Africa, Saudi Arabia, and the USA

Total countries using Bambu technology: 10

#10 Introduction of new corporate logo, new domain, and upgraded website

Welcome Bambu 2.0. The rebrand has provided an opportunity to improve and evolve our service offerings. We aim to be the world’s leading wealthtech company. The firm is also expanding its services geographically with new clients in America, Africa, and the Middle East.

#09 Nominated and Awarded on an international scale  

We’re fortunate to have been recognized internationally for several awards and nominations. Some examples include:

• Awarded Most promising WealthTech provider by Efma- Capgemini 2020 Financial Newtech Watchlist. 
• Nominated for the Asian Startup 2020 by Pitch Deck Asia
• Finalist for Best Use of IT in Private Banking / Wealth Management by FF Banking Tech Awards
• Awarded Startups Pitch Winner in the Global Startups Tour by The Search: Fintech in Abu Dhabi
• Finalist for Fintech Startup of the Year by India Fintech Forum’s IFTA 2020
• Finalist of Innovate Finance (Category: Capital Markets & Wealthtech) by Pitch360
• Finalist (Top 20) at Million Dollar Startup Challenge (Canada) presented by Portage
• Shortlisted for the International Innovation Award by Enterprise Asia with Semantic Equity Network

#08 New Clients, New Regions

At the beginning of the year, we started with 3 new projects in the works. Eleven months later, we can proudly say that we’re ending the year with 7 additional projects. 2021 is looking like it will be our busiest year yet.  We now have clients in almost every continent.

#07 Highway to a 100 Unicorns Program

We were selected for Microsoft’s Highway to a 100 Unicorns Initiative, discovering high potential technology startups across APAC. We were one of the 79 startups worldwide to receive access to enterprise clients globally through Microsoft’s unique co-sell program, world-class mentors, and funding. An exciting opportunity for the company!

#06 Beanstox Launch – a custom-built Bambu GO platform in the USA

Designed and launched Beanstox, a Robo-advisor platform targeted at US retail investors and owned by Shark Tank investor Kevin O’Leary. The simply designed platform caters to individuals, mostly the young, who have not invested before. Read more. 

#05 WealthTech Unwrapped Podcast

We are always finding ways to be different and provide insights into the Fintech industry. So we decided to launch our very own Podcast featuring our CEO and Founder Ned Phillips, anchored by Daniela Galarza. It weaves the narrative between a startup founder, Ned, a newbie to the fintech, Daniela, and special guests, bringing their unique insight into this growing industry.

Guests who have appeared on WealthTech Unwrapped so far include:

• Debbie Watkins, Founder and CEO of Lucy
• Tricia Rothschild, President of Apex Clearing
• Paolo Sironi, Fintech expert from IBM Industry Academy
• Geoff Leeming, Cybersecurity Expert 
• Rich Turrin, an Innovator and author of ‘Innovation Lab Excellence.’ 
• Edmund Lowell, Serial entrepreneur and Founder of KYC Chain
• April Rudin, Wealth Marketing Expert
• Kiaan Ebrahim, Child Investor
• Walter de Oude, Founder and Owner of SingLife
• Olivier Berthier, Founder and CEO of MoneyThor

Check it out on Apple Podcasts, Spotify, or wherever you get your podcasts! 

#04 Finalist at MAS Fintech Hackcelerator Program

Our product, Sustainability Insights, was selected as a top 10 Finalist for the Monetary Authority of Singapore (MAS)’s Global Fintech Hackcelerator! The competition received over 430 applications across more than 40 countries. We were also the only #roboadvisory company to be in the category. Great job to the team for putting in the incredible effort! Read more.

#03 Partnership with Apex Clearing

Apex Clearing, the custody and clearing engine powering the future of wealth management, is now fully integrated with Bambu – a move that will further revolutionize digital investing for consumers. This new integration with Apex further propels us forward in the U.S. and strengthens our position as one of the leading global wealth tech companies. Read more.

#02 Launched a Robo for BCA – Indonesia’s largest bank

PT Bank Central Asia Tbk, commonly known as BCA, is one of the largest Indonesian private banks founded in 1957. BCA offers both commercial and personal banking services through its 1000-plus branches across Indonesia. Bambu developed an end-to-end Robo advisory B2B2C solution that focuses on the customer’s journey in creating financial goals. The platform includes Goal-based Investment, Client Risk Assessment, Investment Projection, Portfolio Rebalancing, which is integrated with BCA’s CRM with a custom admin dashboard, and Portfolio Performance. The primary users are the Relationship Manager of BCA’s High Net-Worth Clientele

#01 Franklin Templeton, Apex Clearing, and Bambu Introduce Tango – A Scalable Goals-Based Wealth Management Tool for Advisors

The all-in-one solution collaborates with three industry leaders—Franklin Templeton, Bambu, and Apex Clearing. Franklin Templeton provides advisors with personalized, goals-based portfolio management advice through its proprietary Goals Optimization Engine (GOE™), while Apex provides the digital clearing experience. At the same time, Bambu provides the technology to bring it all together. Franklin Templeton, Apex, and Bambu have created a turnkey tech-stack combining proven technology, clearing services, and professionally constructed portfolios through a single, bundled relationship. Read more.

Check out our year in review podcast episode.