Fintech firm Bambu has acquired Tradesocio, a wealthtech company with 65 employees.
Ned Phillips, CEO of Bambu, said, “After five years of building solid foundations, Bambu is now entering a phase of rapid growth. This deal helps us in three key areas: it expands our product offering into stocks and crypto, it gives us a wider global footprint and enables us to scale our team effectively to match exponential demand.
“We believe this positions us well for our Series C and ambitions of becoming the global leader in WealthTech.”
Tradesocio specialises in investment management and trading technologies with offices in Singapore, India, and Dubai.
The acquisition boosts the combined business’ competitiveness globally. Bambu will have a presence in all major financial hubs and expanded digital wealth capabilities covering stock trading and cryptocurrencies.
Through the acquisition, Tradesocio brings years of experience delivering and operating high-volume trading platforms across various asset classes.
The acquisition puts Bambu in a unique position that will provide customers greater agency through broader system capabilities that go beyond the offerings of existing robo advisor platforms.
In addition, Tradesocio’s presence across EMEA and India, along with an existing portfolio of clients, is set to further Bambu’s reach in a rapidly expanding and evolving global digital wealth market.
According to Phillips, this is unlikely to be Bambu’s last acquisition as the company foresees acquiring more companies that strengthen its product mix and global reach to impact the digital wealth industry.
