Fintech Plum will be offering stock investing and debit cards in Europe as it expands into France, Ireland, Spain, and Belgium. Plum is registered as an e-money agent of PayrNet Limited with the Financial Conduct Authority. A neo-bank or “super-app,” Plum reports serving over 1 million users who may manage their money on the mobile-first app.
Plum states that fractional share trading is now available for over 500 US companies at €1 a trade. With the premium tier, users may access 1000 stocks – a number that is expected to rise to 3,000 stocks in the near future.
The Premium tier option will be launched later in September, adding to the existing Basic and Pro tiers. Premium is priced at €9.99 per month, and customers gain access to priority customer service and a broader range of stocks.
Plum added that it is offering a VISA debit card at no cost to subscribers which will be able to withdraw cash without fees across Europe.
Victor Trokoudes, CEO and co-founder of Plum commented:
“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.”
Trokoudes added that they are committed to challenging the status quo while removing barriers to entry in the money management sector:
“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.”
Plum said it plans to expand further in Europe soon, with the goal of the app being available to at least half of the continent’s addressable market.