Foley Represents Nigerian Investment App Bamboo in $15M Series A Financing

04 October 2022 News

Foley & Lardner LLP represented Nigerian investment app Bamboo Inc. in a $15 million Series A round co-led by Greycroft and Tiger Global.

Launched in January 2020, Bamboo is an investment platform that unlocks global markets for Africans by providing real-time access to dollar-denominated assets. Users can fund with their dollar or local currency balance almost instantly and start investing in stocks.

Bamboo will use part of the funding to scale its tech infrastructure for smoother processes and faster withdrawals. The company also intends to introduce new offerings to add to its B2B product, allowing asset managers and fintech companies to integrate Bamboo into their offerings for their customers and trademark stock-trading product.

The Foley team was led by Partner Natasha Allen and included Associate Saige Gallop and Senior Counsel Alicia Dorner.

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