Plum raises $3 million

Plum Fintech , the UK-based money management and investing app, has raised $3 million in a new round of funding which brings its total funding to $10.5 million.

Founded in 2016 by early TransferWise employee Victor Trokoudes, and Alex Michael, Plum helps users save money and invest, with a new feature coming soon that will make sure users never pay more than they need on different bills. The saving feature is free and for those looking to invest, Plum charges a £1 monthly fee along with fund investment fees.

The startup originally started with a chatbot on Facebook Messenger and in April it launched an iOS app followed by an Android app that was announced today.

Bottom Line: 650k registered users.