SINGAPORE, 15 December 2022, - Bambu, a leading global wealth technology solutions provider, today announced that Bambu’s technology now manages over US$2 Billion in AUM for its clients across the globe through the implementation of its award-winning WealthTech solutions. Despite a challenging year for Fintech, Bambu was able to reach this significant milestone and looks forward to further growth in 2023. 

Since its founding, Bambu has served some of the world's largest financial institutions including Principal Asset Management, Standard Chartered Bank and Franklin Templeton, among others. To date, Bambu has supported over 25 clients in 11 countries.

Ned Phillips, Founder and CEO, Bambu, highlighted that “Exceeding US$2 billion in AUM is a great milestone for Bambu technology. Every financial institution is adapting to the reality of digital wealth and we are proud that Bambu plays a part in this revolution. We would like to thank everyone who has supported us and we look forward to further growing our business with our existing and new clients in 2023." 

Bambu’s established products consist of Bambu API Library - an open library of modular digital wealth building blocks, aimed at assisting client technology teams to partially or fully develop their own platform - and Bambu Build - a full service end-to-end WealthTech solution. Financial institutions such as banks, asset management firms and brokerages can take advantage of customizable digital wealth solutions to retain existing clients and onboard new clients within their digital wealth business.