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Aussie crypto micro investment app Bamboo raises $3M, eyes US market
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Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies is causing an Aussie brain drain leading firms to seek out a US listing.
Cassidy’s comments come in the same week the company announced a $3 million ($4M AUD) Series A investment round including participation from Australia’s largest cryptocurrency hedge fund, Orthogonal Trading, Mountain Ash Investment Management, and VP Capital.
Bamboo is a micro-investing app that allows users to buy small amounts of digital currencies such as BTC and ETH by rounding up to the next dollar on each purchase and using the difference to buy any asset offered by the app.
Cassidy told the Sydney Morning
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