Plum adds stock investing and debit card to European smart money app

Rick Steves

“Following this launch, we’re helping customers across Europe to save money, connect their bank accounts, invest on stock markets and spend without leaving the app, and at a lower cost.”

European smart money app, Plum, has announced plans to launch stock investing and a debit card for its customers in France, Belgium, Spain and Ireland.

Plum currently services 1.3 million customers and operates in the abovementioned markets in addition to the United Kingdom, but the firm intends to expand further across the European continent, bringing the app to at least half of the region’s addressable market.

With as little as £1 or €1, users can invest in funds and stocks as well as set up a Plum Self Invest Personal Pension (SIPP) through the FCA-regulated platform. Other services include the card, savings account, and active budgeting.

Basic covers +500 US stocks, Premium account goes to +3,000 global stocks

The stock investing offering is designed for customers to diversify and grow their funds over the long-term with access to more than 500 US stocks that can be bought or sold directly within the app, using its free Basic subscription.

The Premium tier option will be launched later this month and is priced at €9.99 per month in exchange for priority customer service and a broader range of stocks.

This range will offer 1,000 stocks initially, rising soon to at least 3,000 stocks in companies from around the world. That means these customers will have even more freedom to customise their investment portfolio to reflect their personal values and support the brands they trust.

Stock investing and debit card as part of Plum’s European expansion

The debit card is also being introduced to customers in France, Belgium, Spain and Ireland. Available at no extra cost for its subscription customers, the plum-coloured VISA debit card can be used to pay online, contactless or directly at the merchant, and withdraw cash without additional fees anywhere in Europe.

Victor Trokoudes, CEO and co-founder of Plum, commented: “Our goal is to make Plum the only personal finance app our customers will ever need. Plum is rapidly and successfully expanding across Europe, opening to new markets, and launching innovative features to help people achieve their financial goals.

“Many people believe that investing is too complicated, and they have no idea where to start. Plum is making investing easier to access and understand. In times like these, we want to give everyone a helping hand to make their money go further. Plum is committed to continually challenging the status quo to the benefit of our customers. We want to remove entry barriers to money management and make building wealth easier. Following this launch, we’re helping customers across Europe to save money, connect their bank accounts, invest on stock markets and spend without leaving the app, and at a lower cost.”

Read this next

Digital Assets

Ripple’s Metaco joins Zodia Custody’s network for connectivity with Layers 0 and 1

“As the industry undergoes a pivotal transformation, our networked infrastructure is dedicated to standardise, govern and connect institutional digital asset flows — an essential step in forging use cases that transcend individual companies.”

Retail FX

BDSwiss Unveils Dynamic Leverage and Zero-Spread Account for Enhanced Forex Trading

Experience a new era in forex trading with BDSwiss, a leading player in the industry, as it introduces two groundbreaking enhancements designed to elevate traders’ experiences on its platform.

Retail FX

Plus500 joins Futures Industry Association as US operations expand

Plus500 Ltd (LON:PLUS) has become a primary member of the Futures Industry Association (FIA) in the United States. The membership supports Plus500’s plans to expand its US business, positioning itself within the world’s leading trade organization for futures, options, and centrally cleared derivatives markets.

Market News

Weekly data: Fiber and Gold price action 

This preview of weekly data looks at EURUSD and XAUUSD where economic data coming up later this week are the main drivers in the markets for the near short term outlook. 

Market News

Unveiling the Top Performers in December 2023: A Stock Market Overview

As we approach the end of 2023, the dynamic landscape of the stock market unveils a year marked by high-profile events, from the resurgence of tech stocks to the demise of financial institutions.


Avelacom enhances connectivity across Middle East and East Asia

“Network latency is a critical factor in their operations across multiple, fast-moving markets where seizing arbitrage opportunities instantaneously is essential. We are dedicated to continually optimizing our global network paths. Our London to Tokyo route, a flagship for Avelacom, has been upgraded alongside other key markets in Asia, India, Turkey, and the Middle East.”

Institutional FX

DMALINK adds Commerzbank to its FX streaming service

“The inclusion of Commerzbank stems from ongoing client demand, achieving our core objective of providing data-driven institutional FX liquidity in a variety of trade sizes to users of any of our platforms looking to access primary markets efficiently.”

Institutional FX

Citi taps Traydstream to streamline trade documentation for its clients

Traydstream specializes in intelligent data extraction using AI and optical character recognition. Its technology significantly reduces the time needed for document checks in trade transactions, leveraging a machine-learning engine with an extensive rule database.

Retail FX

Greenwood launches mobile trading app for the Black and Latino communities

To encourage first-time investing, Greenwood will provide $10 to users, which can be used towards stocks and ETFs on the Greenwood Invest platform