About Bambu
Bambu is a company based in Memphis (United States) founded in 2016 by Douglas Quay.. Bambu has raised $11.29 million across 2 funding rounds. Bambu offers products and services including MyBambu VISA Debit Card, International Money Transfer, Health Services, Bambu Pay, and Spin and Win. Bambu operates in a competitive market with competitors including Maza, Utoppia and Waya, among others.
- Headquarter Memphis, United States
- Founders Douglas Quay
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$11.29 M (USD)
in 2 rounds
-
Latest Funding Round
$6.37 M (USD), Debt – Conventional
Jan 18, 2023
-
Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Bambu
Bambu offers a comprehensive portfolio of products and services, including MyBambu VISA Debit Card, International Money Transfer, Health Services, Bambu Pay, and Spin and Win. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Debit card for online and in-store purchases with cashback rewards
Service for quick money transfers to Latin America
Access to 24/7 medical care for users and family members
Tool to send or request funds from non-users
Gamified rewards for card usage and transfers
Unlock access to complete
Funding Insights of Bambu
Bambu has successfully raised a total of $11.29M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $6.37 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $6.4M
-
First Round
First Round
(11 Jan 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - Bambu | Valuation |
investors |
|
| Jan, 2021 | Amount | Series B - Bambu | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Bambu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Bambu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bambu Comparisons
Competitors of Bambu
Bambu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Maza, Utoppia and Waya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services for individuals are provided.
|
|
| domain | founded_year | HQ Location |
Crypto-based banking solutions are provided via an online platform.
|
|
| domain | founded_year | HQ Location |
An app-based banking platform is provided for migrants' financial needs.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Bambu
Frequently Asked Questions about Bambu
When was Bambu founded?
Bambu was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Bambu located?
Bambu is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
Who is the current CEO of Bambu?
Douglas Quay is the current CEO of Bambu. They have also founded this company.
Is Bambu a funded company?
Bambu is a funded company, having raised a total of $11.29M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.29M, raised on Jan 11, 2021.
What does Bambu do?
Bambu was founded in 2016 in Memphis, United States, as a provider in the digital banking sector. Services including savings accounts, virtual and physical prepaid cards, bill payments, international money transfers, vouchers, rewards, and check deposits are facilitated. The platform operates via applications available on iOS and Android, targeting individual users for everyday financial needs.
What products or services does Bambu offer?
Bambu offers MyBambu VISA Debit Card, International Money Transfer, Health Services, Bambu Pay, and Spin and Win.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.