Plum closes campaign after raising more than £2.8m - Insider Media

▤ Summary

Saving and investment app Plum has closed its crowdfunding campaign after raising more than \xa32.8m.The fintech business has raised in excess of \xa32.84m from 5,741 investors on Crowdcube.Plum allows users to save, spend, earn and invest, utilising AI-powered saving tools and investment features.The company said it has helped customers save and invest \xa31.2bn.The latest Crowdcube raise forms part of a wider round in which the business has raised more than \xa37.7m from institutional investors, which has not been reflected on the progress bar.Funding will be used to improve the app experience, launch new offerings, address financial literacy with the AI chatbot, and to focus on localisation and open banking coverage to boost EU revenue.

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