a year ago
Plum Raises £16 Million to Boost Personal Finance App and Eye Profitability
Plum, a UK-based fintech company specializing in personal finance management, has secured £16 million in Series B funding
The round was split between institutional investors, including iGrow Venture Capital, Venture Friends, Ventura Capital, and Eurobank, and a crowdfunding effort on Crowdcube
The funding will be used to expand Plum's offerings, including the recent launch of a cash ISA product in the UK and ETFs in Europe
Plum aims to achieve profitability with its new features and increased user base.
ProblemFinancial Services
"Many people struggle to save money, and it can be difficult to manage finances effectively."
Solution
"Plum is a personal finance app that helps people save money and manage their finances. It offers investment accounts, payment cards, and automated saving and financial management tools."