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Plum, the chatbot-based application that helps you manage your money, announces additional funding of $ 4.5 million.
The tour, which quietly closed in the summer, was led by venture capital firm VentureFriends and the European Bank for Reconstruction and Development (EBRD). It brings to $ 6.3 million the total funding granted to fintech based in London and Athens.
Founded in 2016 by Victor Trokoudes and Alex Michael, one of the first TransferWise employees, Plum is described as an online money management tool using AI.
Similar to British competitors Cleo and Chip and to a host of other PFM style applications, you link the application to your bank accounts and access a range of features covering savings, investments and the looking for ways to save money based on the badysis of your current expenses.
This includes helping you save based on Plum's algorithm that you can afford – in the form of syntheses and / or regular savings – and other budgeting tools.
You can also open an ISA investment account and invest according to themes, for example only in "ethical companies" or technology.
Launched last month, a related feature called "Splitter" allows you to spread out your automatic savings between Plum savings and investments, by selecting the percentages to be badigned to each pot from 0 to 100%.
Finally, if Plum finds that you pay too much on various household bills, he will offer to help you change providers.
Meanwhile, the startup fintech makes its chatbot available beyond Facebook Messenger with the launch of Plum for iOS. A version for Android would be available "in the coming months".
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