Bamboo is a mobile app designed to help users save and invest money. It was created by a London-based fintech company called Bamboo Technologies Limited and was launched in 2019. Here are some key features and benefits of the Bamboo app:
Investment portfolios: The app offers several investment portfolios with different risk levels and asset allocations, allowing users to choose one that fits their investment goals and risk appetite.
Automatic savings: Users can set up recurring automatic savings to help them reach their financial goals faster. The app also offers a feature called “Roundups,” which rounds up purchases to the nearest pound and invests the spare change.
Low fees: The app charges low fees for its investment portfolios, making it an affordable option for those who want to start investing with small amounts.
Socially responsible investments: Bamboo offers portfolios that invest in socially responsible companies, such as those that focus on sustainability, clean energy, and diversity.
Educational resources: The app provides users with educational resources on investing, personal finance, and money management.
Security: The app uses bank-level security to protect users’ personal and financial information. It is also regulated by the Financial Conduct Authority (FCA) in the UK.
Accessibility: The app is available for download on both iOS and Android devices and can be used by anyone with a UK bank account.
Overall, the Bamboo app is a user-friendly and accessible way to start investing and saving money. It offers several features and benefits that make it a popular choice among users in the UK.
Steps to download the Bamboo app
Here are the steps to download the Bamboo app on your mobile device:
Go to the App Store or Google Play Store on your iOS or Android device, respectively.
In the search bar, type “Bamboo” and press enter.
Look for the Bamboo app and click on it.
Click on the “Install” or “Get” button to download and install the app on your device.
Once the app is installed, open it and follow the instructions to set up your account.
To set up your account, you will need to provide personal information such as your name, email address, and phone number. You will also need to link your bank account to the app.
Once your account is set up, you can start using the app to save and invest money.
Note that the Bamboo app is currently only available to UK residents with a UK bank account. If you are not in the UK, you may not be able to download and use the app.