Money management and savings app Plum is launching stock investing and debit card payments for its customers in Ireland.
Plum said its customers here can now access at least 500 US stocks within the app, using its free Basic subscription.
They can invest from as little as €1 through fractional shares in companies such as Google, Meta or Amazon.
Plum said it will also launch a Premium tier option later this month, adding to its existing Basic and Pro tiers.
Priced at €9.99 a month, Premium customers not only have access to Plum's full features, but also to priority customer service and a broader range of stocks.
It said this range will offer 1,000 stocks initially, rising soon to at least 3,000 stocks in companies from around the world.
Plum also said today that it is offering a debit card to its Irish customers, which will allow them to pay online, via contactless or directly as well as withdraw cash without additional fees anywhere in Europe.
Victor Trokoudes, CEO & co-founder of Plum, said the company has been met with a warm reception from its customers in Ireland since launching in 2020.
"As consumer prices are sharply on the rise, we wanted to move swiftly to bring stock investments to Irish customers, especially as high inflation erodes the value of their hard-earned savings," Mr Trokoudes said.
"Historically, investing in the stock market has often been the best to prevent inflation eroding the value of your money over the long-term," he said.
"Many people believe that investing is too complicated, and they have no idea where to start. Plum is making investing easier to access and understand. In times like these, we want to give everyone a helping hand to make their money go further," he added.
