Mangosteen BCC Pte. Ltd.
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Mangosteen BCC Pte. Ltd. - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Software
About
Mangosteen BCC Pte. Ltd. is a technology company focused on providing digital wealth management solutions that enhance financial accessibility for consumers and businesses alike. Founded in 2016, Mangosteen BCC Pte.
Ltd. operates from Singapore and specializes in digital wealth management solutions. The company was co-founded by Aki Ranin, Luke Janssen, and Ned Phillips, with Ned Phillips currently serving as CEO. They have successfully raised USD 17.
27 mn in their Series B funding round, which is also the total amount raised to date. The company has completed 5 deals and is valued at USD 48. 605 mn. Bambu specializes in providing digital wealth management solutions aimed at enhancing the financial accessibility for both consumers and businesses.
The company’s core offerings include a suite of technology platforms designed to facilitate investment and savings processes, focusing on ease of use and integration within existing financial systems. These platforms primarily serve banks, financial institutions, and investment firms, enabling them to offer personalized investment products to their clients. Bambu’s solutions are effective in addressing the challenges of reaching underserved segments of the population, making financial services more inclusive. Their products have been deployed across Southeast Asia, Europe, and North America, particularly in urban centers that demand innovative financial solutions.
In the most recent fiscal year of 2022, Mangosteen BCC Pte. Ltd. reported a revenue of USD 2. 51 mn and an EBITDA of USD -5.
64 mn. The company’s revenue model primarily involves B2B partnerships, providing wealth management technology to financial institutions that leverage these solutions to serve their clients through licensing agreements or subscription-based pricing structures. Mangosteen BCC Pte. Ltd.
is focusing on expanding its product offerings and geographic reach. The company is planning to launch new digital wealth management platforms aimed at enhancing user integration, with specific details and release dates to be announced. They intend to expand into new markets including Asia-Pacific and European regions by 2024, utilizing their recent Series B funding of USD 17. 27 mn to support these initiatives.
Additionally, the company recently saw TigerSpike exit their stake in Bambu Life, although financial terms were not disclosed.
Current Investors
TigerSpike, Wavemaker Partners, Franklin Templeton
Primary Industry
Software
Sub Industries
e-Financial, Web Development, Application Integration Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.bambu.co
Verticals
Artificial Intelligence, Cloud Computing, FinTech, Mobile Apps
Total Amount Raised
Subscriber access only
Mangosteen BCC Pte. Ltd. - timeline of key events
Mangosteen BCC Pte. Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 213,824 | 941,881 | 1,031,973 | - | - | - |
| % Revenue Growth (YoY) | - | 340.5% | 9.6% | - | - | - |
| EBITDA (USD) | (834,542) | (2,129,170) | (4,734,203) | - | - | - |
| Operating Income (USD) | (839,932) | (2,159,293) | (4,841,778) | - | - | - |
| Operating Margin | (392.8%) | (229.3%) | (469.2%) | - | - | - |
| % EBITDA Margin | (390.3%) | (226.1%) | (458.8%) | - | - | - |
| NET Income (USD) | (839,932) | (2,159,293) | (4,866,633) | - | - | - |
| % Net Margin | (392.8%) | (229.3%) | (471.6%) | - | - | - |
Mangosteen BCC Pte. Ltd. - employee data
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