Available to Ultra and Premium members, the newly added feature automatically classifies a user’s outgoings and displays them as a percentage of overall spending. The Spend Tracker capability comes as part of the app’s redesigned Spend tab and breaks down a customer’s spending over the previous two months so they can compare and spot possible savings opportunities.
With its solutions, Plum aims to enhance wealth-building by automating parts of personal finance that individuals may find difficult or time-consuming. The company currently has 1.7 million customers across the UK and EU and supports them in saving, investing, budgeting, and managing their spending. In addition to the newly added features, Plum also entered a collaboration with Eurobank at the beginning of December 2023. Through this partnership, the company intended to provide customers with a fully digital wallet focused on savings and investments, as well as to support its development in Greece and surrounding markets.
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