AI-powered savings app announces $3m additional funding for European expansion

An app designed to help users save money has secured an additional $3m funding to boost its ongoing growth as well as expansion across Europe.

London and Athens-based fintech Plum has now secured a total funding of $7.5m in the round with the additional funds.

Led by EBRD and VentureFriends, the funding round also saw participation from Christian Faes, founder and CEO of LendInvest, and brings the firm’s total funding to $9.3m.

The news comes in the same week as the launch of Plum’s Android app, following its release on iOS back in April.

Plum’s CEO & co-founder, Victor Trokoudes, commented: “We’re ending 2019 with the great news that our close collaborators VentureFriends and EBRD have chosen to invest further in Plum. We’re also welcoming backing from Christian Faes, the co-founder of LendInvest.

“Our plans to bring Plum’s magic to even more people across Europe are well underway, with our iOS and Android apps. Until now we have been focused on the UK but the Brits are not the only people who are struggling to save and grow their money.

“We are at the beginning of a revolution to help people to be better off. We’re excited to be offering a solution that so many savers across Europe really need, and look forward to bringing it to them over the coming year.”