Plum, a London, UK- and -Athens, Greece-based provider of an AI assistant that enhance people’s bank balance, raised $3m in additional funding.
Backers included VentureFriends, EBRD, and Christian Faes, founder and CEO of LendInvest.
The company, which has now raised $9.3m to date, intends to use the capital to accelerate its growth and expand across Europe.
Founded in 2017 by Victor Trokoudes, Plum is an AI assistant that uses automation and smart technology to save and invest for users. Currently used by over 650,000 people in the UK, the system connects to UK bank accounts and uses AI to analyse income and spending patterns. It calculates the perfect saving amount, which is set aside automatically every couple of days. This money can then be invested in themed funds, designed to suit both first-timers and experienced investors.
Plum also looks for good deals on bills and utilities and allows users to switch quickly.
It is available on Facebook messenger, iOS and Android.