Upvest to support Plum's product expansion across Europe

Friday 8 September 2023 15:19 CET | News

Germany-based fintech, Upvest, is set to provide Plum, the smart money app, with its investment API, enabling the latter to expand its range of investment opportunities to EU customers.  

Following this partnership, Plum will be able to extend its services, offering direct and fractional investments in EUR-denominated ETFs and stocks to its users across all nine EU markets. These markets include France, Ireland, Netherlands, Belgium, Italy, Spain, Portugal, Cyprus, and Greece. As a result, Plum aims to enhance the investment experience for its EU user base.

Through Upvest’s integrated exchange and custody connectivity for European flow, all orders will be handled by Upvest. This includes order placement, settlement, and custody services, providing a simplified end-to-end process. Additionally, Upvest will also enable Plum to offer real fractional shares to its end users, particularly appealing to retail investors. This approach allows investors to become the legal owners of the shares, benefiting from dividend rights and other corporate actions.

Germany-based fintech, Upvest, is set to provide Plum, the smart money app, with its investment API, enabling the latter to expand its range of investment opportunities to EU customers.

About Upvest  

Upvest is a fintech company with the mission to empower other fintechs to provide their end customers with any type of investment product. To achieve that, Upvest has developed an investment API to integrate for small and large fintechs alike. This allows Upvest clients to offer their end customers an experience in the field of capital market investment and retirement planning, save resources, and fully concentrate on their core business. Upvest provides its B2B clients with the full range of investment opportunities in the areas of principal broking business, proprietary trading, and safe custody business for traditional securities as well as crypto assets.  

In May 2023, Revolut partnered with Upvest to provide its end users with fractional ETF and European stock trading throughout Europe. The collaboration would enable the global financial super app to provide its users with an extensive range of investment choices through Upvest’s modular, accessible, and compliant Investment API that aims to make investing simplified and secure. 

About Plum 

Plum is a smart money app, with the mission of making wealth-building automatic. It automates parts of personal finance that people find difficult or don’t have time for, helping them save, invest, budget, and manage their spending. Based in the UK, the company has over 1.7 million customers across the UK and EU, with offices in Greece and Cyprus. 

In April 2023, Plum announced the launch of Watchlists and Price Alerts, two features aimed at supporting stock investors’ decision-making. The features look to improve customers’ understanding of their portfolios and to provide them with timely information for making decisions regarding their investments. 

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Keywords: partnership, API, investment, EFT, fintech, financial services
Categories: Banking & Fintech
Companies: Plum, Upvest
Countries: Europe
This article is part of category

Banking & Fintech




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