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Bamboo, a Nigerian startup that lets Africans buy and trade United States stocks in real-time, has raised a USD 15 Mn Series A funding round to accelerate its growth, penetrate new markets and create more products. The round was led by Greycroft and Tiger Global with participation from Chrysalis Capital, Motley Fool Ventures, Saison Capital, and Y-Combinator’s Michael Seibel, amongst others.
Bamboo provides access to B2B customers through Powered by Bamboo, its API product that allows asset managers, fintech companies, and other financial institutions to integrate Bamboo into their offerings in order to provide their customers access to global securities. The startup seeks to enter new markets like Ghana, Kenya, and South Africa.