Hey all,
I’m Alex, co-founder & CTO at Plum. Excited to be here – can't wait to hear your feedback and respond to your comments. Bram, thanks for the hunt!
Plum is a savings assistant that lives in Facebook Messenger. It links to your bank account (🇬🇧 only for now), monitors your spending and sets money aside for you, automatically. We’ve also just announced our partnership with RateSetter, one of the UK’s leading P2P platforms, so you can invest part (or all, even) of your Plum savings and start earning 3% interest.
PS: If you sign up coming from PH, you can skip all the queues and start investing as soon as the RateSetter integration goes into beta 🤗
PS2: Plum is UK-only for now!
@chiphunnicutt Hi Chip, sad to hear that ;-) We were sceptical when we were launching but so far ppl have been fans despite being sceptics in the start. We clearly will and are thinking of new platforms to be on.. Is it just an app that would work for you? You can email me at victor@withplum.com
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@victor_trokoudes@withplum Tying my finances to Facebook is simply a non-starter for me. That's a part of my life I prefer not exposing to that company.
Great concept. I'm living in the UK, and would love to try this.
I'm just curious about how you make money, especially since you mentioned that our money sits in an escrow (mangopay). I hope you understand my concern, it's always better for a financial institution to be transparent.
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Nice - been enjoying testing this out the last few months!
So it seems like basically you are investing money in a P2P platform (like LendingClub, for example) and just taking the split on the interest? This is in exchange for immediate liquidity, correct? Pretty smart!
@allnick Hey Nick we just think that as people start to accumulate savings via Plum they should have a place to put them that will earn them interest and have liquidity.. P2P works for that. And yes you are right liquidity is pretty much instant given depth of the marketplace but not guaranteed.. Good to hear you like it!
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I've been using the product for a couple of months now and am a big fan! Well done guys
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