Plum Fintech
Overview
Plum Fintech is a UK-based fintech company that provides a smart money app designed to help users save, invest, and manage their finances effectively. The app utilizes artificial intelligence to analyze users' spending habits and automatically sets aside money for savings and investments. Since its launch in 2016, Plum has expanded its services across multiple European markets, including Greece, Italy, Portugal, the Netherlands, and Cyprus, aiming to make financial management accessible and straightforward for a broad audience. The company's investment strategy focuses on early-stage and growth-stage companies within the financial services and technology sectors. Plum has secured significant funding through various rounds, including a £16 million Series B round in 2024, which included contributions from institutional investors such as Eurobank and iGrow Venture Capital, as well as a successful crowdfunding campaign on Crowdcube. This funding has enabled Plum to enhance its product offerings, including the introduction of a Cash ISA in the UK and ETFs for European customers, and to expand its user base, which now exceeds 2 million across ten European markets. Plum's approach emphasizes user-centric financial solutions, leveraging technology to automate savings and investment processes. The company is committed to achieving profitability by 2025, with plans to continue expanding its services and user base across Europe. Plum's innovative use of AI and its focus on user-friendly financial management tools have positioned it as a significant player in the fintech industry, contributing to the growth of mobile investment solutions in the UK and beyond.
Investment Focus
- Early-stage and growth-stage companies
- Financial services and technology sectors
- Innovative financial management solutions
- Scalable business models
- Strong user engagement metrics
- Clear path to profitability
- Experienced management teams
- Regulatory compliance
- Data security measures
- Sustainable business practices
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Plum Fintech
What sectors does Plum Fintech invest in?
Plum Fintech invests in Financial Services, Technology, Banking, Insurance, Investment Management and FinTech, and is based in London, England, United Kingdom. Plum Fintech is listed as a venture capital in the ConnectSafely investor database.
What stage does Plum Fintech invest at?
Plum Fintech backs companies at Seed, Early Stage, Series A, Series B and Growth, writing cheques of 1M - 50M.
Which regions does Plum Fintech invest in?
Plum Fintech invests across United Kingdom, Germany, France, Italy, Spain and Ireland.
Who are the partners at Plum Fintech?
Team members listed for Plum Fintech include Victor Trokoudes (CEO & Founder) and Philipp Von lossau (CFO).
What companies has Plum Fintech invested in?
Plum Fintech's portfolio includes Crowdcube, Eurobank, iGrow Venture Capital, Venture Friends and Ventura Capital.
How do I contact Plum Fintech?
Plum Fintech's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
