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."

      Covered on