Plum, the ‘AI’ money management app, raises $3M more and comes to Android
Plum, the U.K.-based “AI assistant” to help you manage your money and save more, has raised $3 million in additional funding — money it plans to use for further growth, including European expansion.
The London company has also quietly launched its app for Android phones, adding to an existing iOS app and Facebook Messenger chatbot.
Backing this round — which is essentially a second tranche to Plum’s earlier $4.5 million raise in the summer — is EBRB, and VentureFriends, both existing investors. Christian Faes, founder and CEO of LendInvest has also participated
It brings the fintech startup’s total funding to $9.3 million since being founded by early TransferWise employee Victor Trokoudes, and Alex Michael in 2016.
The new investment is said to come at the end of a year of “rapid expansion for Plum” in both London and Athens, including growing the team to 31 employees. Senior hires include Max Mawby, Plum’s Head of Behavioural Science, who previously worked for the U.K. government and ran the fintech sector-focused Behavioural Insights Team.
In a call, Trokoudes told me that take up for Plum’s iOS app has been high and Android is also following a similar trajectory, proof that the startup’s