Bamboo, a Nigerian fintech startup, has raised $15 million in a Series A round of funding.
The company operates a brokerage app that allows Africans to buy and sell stocks in the United States in real time.
The new funding will be used to assist the company expand its reach, enter new markets, and launch new products.
Bamboo, founded by CEO Richmond Bassey and COO Yanmo Omorogbe in January 2020, has quickly gained traction among retail investors, with over 300,000 accounts in Nigeria. Its users have access to all shares traded on US stock exchanges.
According to Bamboo, the new raiser was headed by Greycroft and Tiger Global, with support from Motley Fool Ventures, Saison Capital, Chrysalis Capital, and Y-Michael Combinator’s Seibel, among others.
