Subscribe
Sign in
p/bambooInvest your spare change in gold , silver & digital assets
Start new thread
Linus Ekenstam

Bamboo - Invest your spare change in gold, silver & digital assets

by•

Bamboo makes investing simple, safe and part of your daily life. Bamboo automatically collects spare change from your everyday purchases (coffee, lunch, etc) and invests into assets based on your selected portfolio mix.

Add a comment

Replies

Best
Linus Ekenstam
Maker
Hi Everyone! Linus here from Bamboo. So excited to be here. We’ve built Bamboo with the goal of making it easier for people to get started with alternative investments (think precious metals, cryptocurrencies, art, even sneakers!). There are four assets currently supported on the platform: Gold, Silver, Bitcoin and Ethereum. New investors can choose from preset portfolios (e.g., 50/50 Bitcoin/Gold) or build a custom one, allocating as little as 1% of their investment to an asset. Pretty neat if you ask me. Investments take the form of top-ups (self-explanatory) or acorn-style round-ups (these come from collecting the spare change from your daily transactions). And we are currently in the process of building recurring investments and they will be arriving soon! Once you’re all set up, Bamboo will handle purchasing the assets in the proportions you’ve selected. We’re able to buy small fractions of each assets (even as little as a milligram of gold), making it a relatively low-risk way for people to be introduced to investing. Giving your money to a third party service requires a lot of trust, and we believe the best way to build trust is through being transparent. We have spent a lot of time adding features that provide our customers with more information about their investments. People LOVE knowing exactly what they have invested in so with every contribution comes a full receipt outlining: - The price each asset was purchased at - The amount of each asset we purchased for you - The flat transaction fee we took - No Spreads! Spread-less! What other cool things have we been up to, oh yes, this is a game changer. Proof of Solvency: We have spent the last year researching and implementing a protocol that enables our customers to trustlessly audit their funds. This means customers can independently verify that their funds are properly managed and accounted for, and that we are fully solvent. We believe that we are the first investment platform in the world to have this feature included. Thanks for reading all of that! Happy to hear any feedback or respond to any questions you might have about Bamboo!
Linus Ekenstam
Maker
UPDATE: Forgot to mention we've got a Special for the Product Hunt community, if you sign up and enter the promo code: "HUNTER" we will give you a $5 worth of investment to get started with. No signup fees, no minimum account length. Thats "HUNTER" in the promo code section in settings and you account should be seeded.
Linus Ekenstam
Maker
@david_okuniev1 - Thank you David, means a lot coming from you. I would not be here if it was not for the opportunity you gave me at Typeform. So happy our paths crossed there. I'm looking forward to have it functional over here in Europe.
Brian Foody
Maker
Hi Hunters! Some details about the product for all the curious builders out there 🤓. We are 100% Serverless, built from the ground up on AWS and integrated through AWS Amplify to a React Native front-end. That's just a fancy way of saying we couldn't afford expensive servers! All of our design assets are custom made - Linus hand sketches them while sipping on martinis in a dimly lit bar in Barcelona. That's how designers work right!? We feel that they give a lovely human touch to your investment journey in what is usually a very sterile environment. The Proof of Solvency work is pretty complicated. While it has its fair share of moon maths, it’s built on top of the ground-work that people smarter than us have laid. We’re happy to talk more about it if you’re interested in homomorphic encryption, zero-knowledge proofs and all those cool stuff. Isn’t that how you like to spend your Friday evenings too!? Any more questions let me know and I’ll be happy to chat!
Richard Giles
I've been using this app for several months. It's a very simple way to hive of a few dollars here and there to invest in Bitcoin. Super easy to HODL.
Brian Foody
Maker
@richard_giles thanks for joining the Bamboo journey Richard, been great having you onboard! The last few days make us really happy we chose the dollar cost averaging approach to investment! Did you play with the new portfolio customisation feature? Would love your feedback on it!
Ben Song
Excellent app. Super simple - a great way to get started with cryptocurrency investing.
Phil George
Maker
@bensong Thanks Ben! Keen to hear of any functionality you would like to see that we haven't built out already! 💪
Mel George
Love it!
Phil George
Maker
@mel_george Thanks Mel!!! What would you like to see us do next? 💪
Josh Egan
Awesome app! I’ve never owned gold or cryptocurrency before and this app makes purchasing them easy. Love that you can link it to your bank account and do roundups to help you save and invest at the same time.
Phil George
Maker
@josh_egan Thanks Josh! Any extra features you would like to see? 💪
Peter Kildegaard
A no-brainer for me. Great product, team Bamboo!
Linus Ekenstam
Maker
@kildegaardp - Thank you so much Peter, means a lot to me and the team. It's been an amazing team effort to be where we are today. I'm probably the least responsible for any of it. I've been more like the ever present janitor. Really want to highlight that. That it's a group of us that built this, and everyone has contributed to the success thus far.
Jane Harries
A novice crypto investor I love Bamboo - intuitive easy app that lets me see my investment anytime 🙌 love your work Bamboo ❤️ Thanks
Linus Ekenstam
Maker
@jane_harries Thank you Jane for using the app, we are thrilled to see more and more people getting onboard, and also not only offering Crypto, but Gold, Silver and other assets in the future too. Thanks a lot for being part of the journey.
Brian Foody
Maker
@jane_harries thanks Jane glad you're enjoying it. Have you moved any of your portfolio into precious metals yet!?
Josh Higgins
Super easy way to break into the crypto market. My partner has made a small fortune so I'm holding out until the guys finally release an android version.
Linus Ekenstam
Maker
@josh_higgins - Hey Josh, we are cracking up here, just having big old laugh. We feel the pain with you and many others that are on Android and we are doing our best to get a version out. Keep an eye on our roadmap and follow us on social media. Let us know if you have any questions, we'd be happy to answer anything ☺️ https://www.getbamboo.io/roadmap
Pep Viladomat
🦄
Linus Ekenstam
Maker
@pep_viladomat - hahahahahaha not sure how we are taking that comment, but we are definitely humbled.
Michael Clarke
Excellent app. Very intuitive. Satisfying way to squirrel away some savings.
Phil George
Maker
@micko_c Thanks Michael - Any suggestions for us?
Niamh Troy
Like the simplicity. Easy, accessible investment in crypto. Looking forward to getting into it more!
Linus Ekenstam
Maker
@niamh_troy - Thanks, appreciate the feedback. It's been one of our key design principles to keep things accessible and simple. We have a long way to go to perfect, we are super excited for the journey ahead.
Linus Ekenstam
Maker
What asset would you like to see next?
Gavin John Rezos
Really enjoyed the simple to use, practical interface, ease of transfer in, out and between assets, access to hard to get assets such as gold and silver and of course the growth idea that I round up purchases I make to nearest dollar or two and add in to my account each time, to be backed by a basket of crypto and now gold and silver. Shazam!
Vaida Revuckaite
Like the design @linusekenstam !
Linus Ekenstam
Maker
@vaidarev thank you, appreciate it. It's been a big team effort to get this across the board.
sinead foody
This is great. So easy to use, I’m usually not good with these things but love watching my spare change add up.
Omri Ben-Canaan
awesome app guys! Congrats.
Linus Ekenstam
Maker
@omri_ben_canaan Thank you so much Omri! Means a lot from a legend like yourself.
Vivienne Hamilton
I'm loving the human-scale of this. It feels really accessible and the transparency builds trust - increasingly crucial in all aspects of our daily lives right now!
Linus Ekenstam
Maker
@vivienne_hamilton - We are so excited about whats going to drop in the next couple of weeks. Building more on the transparency and trust layer. Trust an integral part of our company. We are so grateful to all our customers that are believing in our mission, and are using the app. We hope this will be a long journey.
Nils Paajanen
Cool! So this is available globally?
Linus Ekenstam
Maker
@_nippe This is a great question. We are currently downloadable everywhere, but are restricted in usage depending on Geo location. As you could imagine finance itself is a difficult legal maze, and we are working on getting Bamboo available in more jurisdictions.
Joe Slater
Excellent 👍🏼