Plum has announced the launch of its personal finance platform in five new European countries.
The company is expanding the app, which currently has 1.5 million users, to Italy, Portugal, the Netherlands, Greece, and Cyprus.
Plum said that customers across these markets will now be able to connect their bank accounts to the app.
Through the platform users can invest in up to 3,000 US stocks commission-free.
“This is a challenging economic period as people are experiencing levels of inflation not seen in decades, leading to cost-of-living challenges,” said Victor Trokoudes, co-founder and chief executive, Plum. “The need for long-term financial resilience has arguably never been clearer and we created Plum precisely to help people tackle this, helping ensure that your money management is automated and wealth looked after for the future.”
Plum has already launched in the UK, France, Spain, Ireland, and Belgium, meaning the company is now present in 10 European countries.
Smart money app Plum announced the launch of its third crowdfunding round in October.
The move came after the FinTech recently secured £5 million in debt financing from Silicon Valley Bank UK.
Latest News
-
Barclays takes £110m hit from Tricolor collapse and lifts car finance provision
-
JPMorgan AM launches short-term money management tech for hedge funds
-
Revolut secures MiCA licence
-
Major banks to buy stake in LSEG’s post-trade business
-
FCA sues HTX over illegal crypto promotion in the UK
-
NAB expands multi-cloud strategy with new Google partnership
.png)
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories