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The firm raises the amount in its first round of funding to expand to Kenya and South Afirca. Nigerian fintech start-up Bamboo won $15 million in its first capital raise after its push to court investors' support for a platform giving Nigerians access to trade in U.S. stocks from home culminated in Greycroft Partners and…
The firm has the ambition of committing the Series A fund to extend reach in markets as far-flung as Kenya, South Africa and Ghana across the continent.
Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa. Bamboo, with over 300,000 account holders in Nigeria, plans to use the funds to expand into new markets including Ghana, Kenya and South Africa, according…
(Bloomberg)
Venture Capital firms Greycroft Partners and Tiger Global Management LLC led a $15 million capital raise by Nigerian startup Bamboo, a platform that allows trading in U.S. stocks from Africa.