Australia has recently become home to another fintech project, located in Perth. The startup aims to provide its customers with a chance to finance digital currencies with their spare change from digital payments to make micro-contributions in the digital currency portfolios.
With help of their application, Bamboo claims that it is going to better the accessibility of financing opportunities and improve customers’ comprehension of the emerging technologies, which are responsible for the upcoming transformations of the world finance.
Bamboo is going to allocate customers’ spare change deriving from digital payments on contributions to such digital currencies as BTC, ETH, etc. The company intends to use a strategy, which is very similar to that of the Raiz Investment App, previously known by the name Acorns.
The application will see its launch in Australia, with the US release coming a few months later in 2018. Still, the firm is already seeking opportunities to expand beyond these markets, setting its aims on the markets of the developing countries. As per the chief executive of the company, Phil George, the firm also intends to expand their activities connected with micro-financing to commodities and the sphere of real estate. Additionally, the firm recognizes a significant value in the new generations of technological experts, as well as the rising liquidity of populations in the developing countries.