INSUBCONTINENT EXCLUSIVE:
Plum, the fintech startup co-founded by early TransferWise employee Victor Trokoudes, is continuing its mission to help you manage your
The AI-powered Messenger chatbot already offers savings functionality, including round-ups and regular savings, and today is launching an
investment tool that lets you choose fund investments based on themes, such as ethical companies or technology.Similar to competitors Cleo
and Chip, Plum connects to your bank accounts and its algorithm then analyses your spending patterns to work out how much you can afford to
The other two are investments and spotting when you are paying too much for things like credit or utilities
Investing is getting an official launch today (having been announced in wait-list form a few months ago), and Trokoudes tells me energy
switching, in partnership with green energy company Octopus, has been live for a while
If Plum detects that a user could reduce their home energy bill, it sends them a message offering to initiate the switch on their
annually on the amount you have invested
If you choose the themed fund option there is an additional fund fee
However, Trokoudes says investing via Plum is still one of the cheapest options on the market, where higher percentage annual management
fees soon add up.Plum is also disclosing its latest user numbers
In the last year, the chatbot has grown from 22,000 users to 130,000
investment tool and what effect that has on overall user numbers
will allow investors to support companies that ensure that at least 20 percent of board members are women
