Plum has announced the launch of its personal finance platform in five new European countries.
The company is expanding the app, which currently has 1.5 million users, to Italy, Portugal, the Netherlands, Greece, and Cyprus.
Plum said that customers across these markets will now be able to connect their bank accounts to the app.
Through the platform users can invest in up to 3,000 US stocks commission-free.
“This is a challenging economic period as people are experiencing levels of inflation not seen in decades, leading to cost-of-living challenges,” said Victor Trokoudes, co-founder and chief executive, Plum. “The need for long-term financial resilience has arguably never been clearer and we created Plum precisely to help people tackle this, helping ensure that your money management is automated and wealth looked after for the future.”
Plum has already launched in the UK, France, Spain, Ireland, and Belgium, meaning the company is now present in 10 European countries.
Smart money app Plum announced the launch of its third crowdfunding round in October.
The move came after the FinTech recently secured £5 million in debt financing from Silicon Valley Bank UK.
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