Nigerian fintech startup, Bamboo, launches in Ghana to supply entry to investments

The information

  • Nigerian fintech startup, Bamboo, has introduced its Ghana launch because it goals to allow Ghanaians to spend money on overseas firms.
  • In January 2022, the startup introduced its $15 million Collection A and introduced its plans to launch in Ghana later within the yr. 
  • The startup has additionally generated curiosity in Kenya and South Africa and will launch in these nations quickly.

Bamboo, a Nigerian fintech startup that allows entry to funding in shares from international firms, has introduced its launch in Ghana. 

In January 2022, the startup introduced its Collection A spherical of $15 million. On the time, the corporate disclosed that it deliberate to launch in Ghana and already had 50,000 individuals on its ready record. The startup additionally revealed that it had customers in Kenya and South Africa and will launch in these nations quickly.

Forward of its launch in Ghana, it has partnered with tenth Capital Investments. The startup has additionally revealed its plans to work carefully with Ghana’s Securities and Change Fee, having acquired a No Objection Letter from the regulator.

In keeping with Richmond Bassey, Bamboo CEO and Co-Founder, “We consider strongly that every one Africans ought to earn a return on their investments and construct intergenerational wealth. That’s why we created Bamboo: we wished to create a simple and safe method for on a regular basis Africans to spend money on the U.S. inventory market, and finally, in all sorts of asset lessons,”

In an announcement, Albert Asiamah, tenth Capital Investments’ COO, disclosed that working with Bamboo was a results of their expertise and monitor document enabling investments in Nigeria.

“We’re thrilled to work with Bamboo to deliver Ghanaians the chance to spend money on the U.S. and finally the native inventory market. Their impeccable monitor document in Nigeria, stellar product and academic instruments make them a great collaborator.” 

Based by Bassey and Yanmo Omoregbe, Bamboo, along with Risevest, Chaka, and Overwood, present Nigerians with the chance to personal shares in international firms. Till these startups arrived on the scene, funding in firms, no matter their location, was restricted to high-net-worth people. However with these startups, people can now make investments with as little as $10.

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