Plum Fintech Limited, trading as Plum, has expanded its European footprint 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.
of Fintech
Fintech
Financial technology (fintech) is defined as technology intended to automate and enhance the delivery and application of financial services. The origin of the term fintech can be traced back to his 1990s, when it was mainly used as a backend system technology for a well-known financial institution. But since then, interest in consumer services has increased and grown outside of business sectors.What purpose does fintech serve?
Financial technology (fintech) is defined as technology intended to automate and enhance the delivery and application of financial services. The origin of the term fintech can be traced back to his 1990s, when it was mainly used as a backend system technology for a well-known financial institution. But since then, interest in consumer services has increased and grown outside of business sectors.What purpose does fintech serve?
read this term The platform offers fund management services, allowing retail customers to automatically secure their monthly savings. Additionally, customers can invest in up to 3,000 U.S. stocks with no fees and offer a VISA debit card.
According to the company, it has 1.5 million customers across Europe and processes more than €1.79 billion in customer funds. With this expansion, the company now aims to further strengthen its position in the European market.
Plum co-founder and CEO Victor Trokoudes said: “This is an economically challenging time as people are experiencing levels of inflation not seen in decades, leading to cost of living challenges. The need for long-term financial resilience is a mistake. It has never been clearer, and we created Plum precisely to help people tackle this.”
Watch the latest FMLS22 session on “Social Impact and Innovation in Fintech”.
Plums are licensed in the UK and Europe
Founded in 2016, the company is headquartered in London with offices in Greece and Cyprus. In the UK, we offer our services under a UK Electronic Money Authority (EMI) license. Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK). UK regulators are responsible for the conduct of companies licensed under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in the retail and wholesale financial markets, overseeing the trading infrastructure supporting those markets, and prudential regulation of companies not regulated by the PRA.its role
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK). UK regulators are responsible for the conduct of companies licensed under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in the retail and wholesale financial markets, overseeing the trading infrastructure supporting those markets, and prudential regulation of companies not regulated by the PRA.its role
read this term). At the same time, operations in Europe are conducted under license from the Cyprus Securities and Exchange Commission (CySEC). In addition, Plum’s Cypriot entity operates as an e-money intermediary on behalf of UAB Payrnet with the Bank of Lithuania.
Last November, the company partnered with Bitpanda to roll out a cryptocurrency investment service through its app. However, these services are only available to European customers, not the UK.
“Our presence in 10 markets in total shows that we are a truly European company,” added Trokoudes. “Our app intelligence means we can provide smart alternatives to traditional tools and help people make more money in a variety of ways. We are excited to help you invest in and manage your spending at a low cost with one app.”
Plum Fintech Limited, trading as Plum, has expanded its European footprint 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.
of Fintech
Fintech
Financial technology (fintech) is defined as technology intended to automate and enhance the delivery and application of financial services. The origin of the term fintech can be traced back to his 1990s, when it was mainly used as a backend system technology for a well-known financial institution. But since then, interest in consumer services has increased and grown outside of business sectors.What purpose does fintech serve?
Financial technology (fintech) is defined as technology intended to automate and enhance the delivery and application of financial services. The origin of the term fintech can be traced back to his 1990s, when it was mainly used as a backend system technology for a well-known financial institution. But since then, interest in consumer services has increased and grown outside of business sectors.What purpose does fintech serve?
read this term The platform offers fund management services, allowing retail customers to automatically secure their monthly savings. Additionally, customers can invest in up to 3,000 U.S. stocks with no fees and offer a VISA debit card.
According to the company, it has 1.5 million customers across Europe and processes more than €1.79 billion in customer funds. With this expansion, the company now aims to further strengthen its position in the European market.
Plum co-founder and CEO Victor Trokoudes said: “This is an economically challenging time as people are experiencing levels of inflation not seen in decades, leading to cost of living challenges. The need for long-term financial resilience is a mistake. It has never been clearer, and we created Plum precisely to help people tackle this.”
Watch the latest FMLS22 session on “Social Impact and Innovation in Fintech”.
Plums are licensed in the UK and Europe
Founded in 2016, the company is headquartered in London with offices in Greece and Cyprus. In the UK, we offer our services under a UK Electronic Money Authority (EMI) license. Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK). UK regulators are responsible for the conduct of companies licensed under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in the retail and wholesale financial markets, overseeing the trading infrastructure supporting those markets, and prudential regulation of companies not regulated by the PRA.its role
The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK). UK regulators are responsible for the conduct of companies licensed under the Financial Services and Markets Act 2000. In addition, the FCA is also responsible for regulating conduct in the retail and wholesale financial markets, overseeing the trading infrastructure supporting those markets, and prudential regulation of companies not regulated by the PRA.its role
read this term). At the same time, operations in Europe are conducted under license from the Cyprus Securities and Exchange Commission (CySEC). In addition, Plum’s Cypriot entity operates as an e-money intermediary on behalf of UAB Payrnet with the Bank of Lithuania.
Last November, the company partnered with Bitpanda to roll out a cryptocurrency investment service through its app. However, these services are only available to European customers, not the UK.
“Our presence in 10 markets in total shows that we are a truly European company,” added Trokoudes. “Our app intelligence means we can provide smart alternatives to traditional tools and help people make more money in a variety of ways. We are excited to help you invest in and manage your spending at a low cost with one app.”