By John Reynolds on Friday 11 February 2022
The appointment of Phu Ly follows a recent $24m fundraise, which it is using to boost its presence in Europe and help with new launches including a UK product which invests in US stocks.
The appointment of Phu Ly follows Plum's recent $24m fundraise, which it is using to boost its presence in Europe and help with new launches including a US investment product.
Also, Plum, founded in 2016 which has two European bases in Athens and Nicosia, has been granted regulatory approval to offer investments in the EU, with launches planned in the Netherlands, Portugal, Belgium, Italy, Finland, Austria and Germany.
A payments card to help customers manage their everyday spending and budgeting is also in development, said Plum.
“Ly will lead the rollout of our new US stocks offering and oversee the development of other new investment and money-management products later in 2022.
Ly said: “I look forward to helping the team enhance what is already a fantastic proposition and enabling more people to secure their long-term financial future and improve their financial well-being.”