UK FinTech Plum has raised £7.9mn.
In Brief:
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Plum is a personal finance platform that uses AI to automate savings and investments.
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The round was led by Global Brain and the European Bank for Reconstruction and Development.
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It’s also been matched £2.5mn from the government’s Future Fund.
What does this mean?
Plum says it will use the funding for European expansion. It began in the UK in 2017 and has so far raised a total of £15.2mn. It aims to launch in Spain and France by the end of this year.
