Plum, a London, UK-based supplier of a wise cash app, raised £16M in Sequence B funding.
The spherical consisted of:
- £13.4M in funding from institutional buyers, together with a second tranche of funding from strategic accomplice Eurobank with participation from new investor iGrow Enterprise Capital and former buyers Enterprise Associates and Ventura Capital.
- A further £2.7m through crowdfunding.
The corporate intends to make use of the funds to develop its product providing within the UK following the success of its Money ISA, aiming to offer an entire app for savers and buyers in the marketplace.
Led by CEO and Founder Victor Trokoudes, Plum gives a wise cash app, which automates components of non-public finance that individuals discover troublesome or don’t have time for, with saving, empowered spending and accessible investing.
The funding follows a interval of robust efficiency for the app with property underneath administration which have now surpassed £1bn. Income for the corporate has nearly doubled year-on-year, on observe for profitability in 2025.
Plum has places of work in Athens, Greece and Nicosia, Cyprus.
FinSMEs
