4 years ago

Plum Raises €12 Million to Become Europe's Ultimate Money Management App

  • Plum, a London-based fintech startup, has secured €12 million in funding as part of a planned €20.7 million Series A round

  • The funding will be used to expand the company's reach across Europe and solidify its position as a leading money management app

  • The round is led by dmg ventures and Ventura Capital, with participation from previous investors like Global Brain, VentureFriends, and 500 Startups

  • Plum's app automates personal finance tasks, helping users save, invest, and budget

  • The company has seen significant growth in recent years, with over 1 million users across Europe and over $1 billion saved for customers

  • Plum plans to expand its product offerings, including adding new investment options like EU and UK stocks and crypto, and launching a Plum card for automated spending.

      • ProblemFinancial Services

      "Many people in Europe find it difficult to manage their money effectively and grow their wealth, often relying on old-fashioned banks with limited options."

      Solution

      "Plum is an AI-powered money management app that automates saving, investing, and budgeting, making it easy for anyone to achieve their financial goals."

      Covered on