London fintech launches debit card and stock investment for European customers

A London headquartered fintech has launched a debit card and stock investment for its European customers in France, Belgium, Spain and Ireland.

Plum, the European smart money app helps users save effortlessly. Using new technology, its 1.3m customers can now diversify and grow their money over the long-term with its new stock investing service.

In addition, Plum is offering a debit card, which is 100 percent biodegradable and recyclable. The plum-coloured VISA debit card can be used to pay online, contactless or directly at the merchant, and withdraw cash without additional fees anywhere in Europe.

Customers can load their card directly from a bank account or from money set aside through the Plum app, making it easier to track and manage their spending. They will also be able to track their expenses in the same place as where they have saved and invested.

Victor Trokoudes, CEO and co-founder of Plum said: “Our goal is to make Plum the only personal finance app our customers will ever need. Plum is rapidly and successfully expanding across Europe, opening to new markets, and launching innovative features to help people achieve their financial goals.

“Many people believe that investing is too complicated, and they have no idea where to start. Plum is making investing easier to access and understand. In times like these, we want to give everyone a helping hand to make their money go further.

“Plum is committed to continually challenging the status quo to the benefit of our customers. We want to remove entry barriers to money management and make building wealth easier.

“Following this launch, we’re helping customers across Europe to save money, connect their bank accounts, invest on stock markets and spend without leaving the app, and at a lower cost.”