Aussie crypto micro-investment app Bamboo raises $3M, eyes US market
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 United States listing.
Cassidy’s comments come in the same week the company announced a $3-million ($4 million Australian dollars) 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 Bitcoin (BTC) and Ether (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 Herald that when he and his team were in the process of securing backers for the crypto-based micro-investment app, he was asked if he would pursue
