Fintech Plum continues European expansion after helping customers save over £1 billion

Plum, the London based fintech and smart personal finance app, is today announcing the launch of its services in Belgium, as its European expansion plans continue.

Belgians can now link their accounts to Plum from nine major banks including BNP Paribas Fortis, ING, and Hello Bank. Once the account is linked, Plum’s artificial intelligence analyses the customer’s transactions and starts to automatically set aside small amounts of money regularly, adjusting to their spend and what they can afford.

Belgian customers also have access to the Plum Pro account, which offers additional features for only €2 per month. In addition to savings rules such as the 52-week challenge and Rainy Days, which puts aside extra money when it rains, Plum Pro subscribers can set aside money in several customizable pockets based on their goals.

Plum is entering the Belgian market with inflation reaching a new high in June at 9.65 per cent, according to Statbel. In response to these rising prices, Plum has already helped people across Europe to set aside more than €1.3bn (approx. £1.1bn).

The launch marks the next step in Plum’s European expansion, having successfully launched in the UK, France, Spain and Ireland. The business, which has maintained its rapid growth, now has over 1.3 million customers.

Victor Trokoudes, co-founder and CEO of Plum, commented: “We’re delighted to bring Plum to Belgium and help people here manage their finances. This is such a challenging period as people are experiencing levels of inflation not seen in decades, leading to rapidly increasing cost of living.

“The need for long-term financial resilience has arguably never been clearer and we created Plum precisely to help people tackle this issue, ensuring that your money management is automated and looked after for the future.

“Launching in Belgium is the latest major milestone in our expansion, demonstrating we truly are a European company. The intelligence of our app means we can offer a smart alternative to traditional tools and help people make their money go further in multiple ways.

“We’re excited about the new features we will offer soon, including providing retail investors a simple, low-cost and accessible way to invest for the long-term.”

In the coming weeks, Plum will also launch an investment feature, helping Belgians to make their money go further over the long-term. The feature will allow people to invest in more than 500 U.S. stocks from “as little as €1”.

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