Plum prepares US stock investing product launch

European money management application Plum plans to launch a product in the first quarter of this year that will allow users to invest in US equities, expanding EU and UK equities and into the next 2022 cryptographic assets.

The news comes after the end of Plum’s $ 24 million A-Series round in November 2021, which aims to accelerate the company’s growth in Europe and the launch of a new product (including a payment card) throughout the year.

Plum hailed former Monzo and former Deliveroo product strategist Phu Let as the new vice president of lead production.

Victor Trokoudes, CEO and co-founder of Plum, said at the opening: “Ly is an innovative product with an amazing experience that helps top customers improve their customer experience. We’re excited to be with you. Lead while we are preparing for an exciting year of growth. “

“Ly is leading the way in launching our new supply chain in the US and will see improvements in other new investment and investment products in the next 2022.”

With more than two million European users, plans to expand its base to the Netherlands, Portugal, Belgium, Italy, Finland, Austria, and Germany by the end of 2022.

Phu Ly, vice president of Plum’s product added: “Plum is one of the fastest-growing and most powerful consumer applications in the market […], controlling its finances. I hope to help the team build what has been a positive statement and enable more people to secure their long-term financial future and improve their economy. “

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