Plum Fintech enters 5 new countries in Europe
Plum Fintech Limited, trading as Plum, has expanded its footprint in Europe by launching services in five countries: Italy, Portugal, the Netherlands, Greece and Cyprus. The platform is already available in the UK, France, Spain, Ireland and Belgium.
The fintech
Fintech
Financial technology (fintech) is defined as ay technology that is aimed at automating and improving the delivery and use of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as back-end system technology for recognized financial institutions. However, it has since grown outside of business with an increased focus on consumer services. What purpose do Fintechs serve? The main purpose of fintechs will be to deliver
Financial technology (fintech) is defined as ay technology that is aimed at automating and improving the delivery and use of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as back-end system technology for recognized financial institutions. However, it has since grown outside of business with an increased focus on consumer services. What purpose do Fintechs serve? The main purpose of fintechs will be to deliver
Read this term the platform offers money management services, so that private customers can set aside monthly savings automatically. In addition, it allows customers to invest in stocks with up to 3,000 US stocks without commission in the offer and provides a VISA debit card.
According to the company, it has 1.5 million customers across Europe and handled more than €1.79 billion in customer funds. With the expansion, the company now aims to further strengthen its position in the European market.
“We’re excited to bring Plum to five new European countries and help people manage their finances there,” said Plum co-founder and CEO Victor Trokoudes. “These are challenging economic times as people experience levels of inflation not seen in decades, leading to cost of living challenges. The need for long-term financial resilience has arguably never been clearer, and we created Plum precisely to help people deal with this.”
Check out the latest FMLS22 session on “Social Impact & Innovation in Fintech.”
Plum licensed in the UK and Europe
Founded in 2016, the company is headquartered in London and operates from its offices in Greece to Cyprus. In the UK, it provides services with an electronic money institutions (EMI) license from Financial Conduct Authority (FCA
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the main financial regulator for all financial markets in the United Kingdom (UK). The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in retail and wholesale financial markets, overseeing the trading infrastructure that supports these markets, and supervisory regulation of firms that is not regulated by the PRA. Its role
The Financial Conduct Authority (FCA) is the main financial regulator for all financial markets in the United Kingdom (UK). The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in retail and wholesale financial markets, overseeing the trading infrastructure that supports these markets, and supervisory regulation of firms that is not regulated by the PRA. Its role
Read this term). At the same time, European operations are run with a license from the Cyprus Securities and Exchange Commission (CySEC). In addition, the Cypriot entity Plum operates as an intermediary of electronic money on behalf of UAB Payrnet with the Bank of Lithuania.
Last November, the company partnered with Bitpanda to roll out crypto investment services through its app. However, these services are only available to customers in Europe, not the UK.
“To be present in 10 markets in total shows that we are truly a European company,” Trokoudes added. “The intelligence of our app means we can offer a smart alternative to traditional tools and help people make their money go further in more ways than one. We are excited to help people save money, invest in stock markets and manage their expenses, through a single app and at a lower cost.”
Plum Fintech Limited, trading as Plum, has expanded its footprint in Europe by launching services in five countries: Italy, Portugal, the Netherlands, Greece and Cyprus. The platform is already available in the UK, France, Spain, Ireland and Belgium.
The fintech
Fintech
Financial technology (fintech) is defined as ay technology that is aimed at automating and improving the delivery and use of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as back-end system technology for recognized financial institutions. However, it has since grown outside of business with an increased focus on consumer services. What purpose do Fintechs serve? The main purpose of fintechs will be to deliver
Financial technology (fintech) is defined as ay technology that is aimed at automating and improving the delivery and use of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as back-end system technology for recognized financial institutions. However, it has since grown outside of business with an increased focus on consumer services. What purpose do Fintechs serve? The main purpose of fintechs will be to deliver
Read this term the platform offers money management services, so that private customers can set aside monthly savings automatically. In addition, it allows customers to invest in stocks with up to 3,000 US stocks without commission in the offer and provides a VISA debit card.
According to the company, it has 1.5 million customers across Europe and handled more than €1.79 billion in customer funds. With the expansion, the company now aims to further strengthen its position in the European market.
“We’re excited to bring Plum to five new European countries and help people manage their finances there,” said Plum co-founder and CEO Victor Trokoudes. “These are challenging economic times as people experience levels of inflation not seen in decades, leading to cost of living challenges. The need for long-term financial resilience has arguably never been clearer, and we created Plum precisely to help people deal with this.”
Check out the latest FMLS22 session on “Social Impact & Innovation in Fintech.”
Plum licensed in the UK and Europe
Founded in 2016, the company is headquartered in London and operates from its offices in Greece to Cyprus. In the UK, it provides services with an electronic money institutions (EMI) license from Financial Conduct Authority (FCA
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the main financial regulator for all financial markets in the United Kingdom (UK). The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in retail and wholesale financial markets, overseeing the trading infrastructure that supports these markets, and supervisory regulation of firms that are not regulated by the PRA. Its role
The Financial Conduct Authority (FCA) is the main financial regulator for all financial markets in the United Kingdom (UK). The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in retail and wholesale financial markets, overseeing the trading infrastructure that supports these markets, and supervisory regulation of firms that is not regulated by the PRA. Its role
Read this term). At the same time, European operations are run with a license from the Cyprus Securities and Exchange Commission (CySEC). In addition, the Cypriot entity Plum operates as an intermediary of electronic money on behalf of UAB Payrnet with the Bank of Lithuania.
Last November, the company partnered with Bitpanda to roll out crypto investment services through its app. However, these services are only available to customers in Europe, not the UK.
“To be present in 10 markets in total shows that we are truly a European company,” Trokoudes added. “The intelligence of our app means we can offer a smart alternative to traditional tools and help people make their money go further in more ways than one. We are excited to help people save money, invest in stock markets and manage their expenses, through a single app and at a lower cost.”
