Saving money is hard. A recent study by Apartment List indicates that over than 65% of millennials ages 18-34 have saved less than $1,000 for a home down payment. Saving for the future is important and it is even more important to start saving early. Someday, millennials may want to buy an apartment, or a self-driving car, or a space flight to Mars. To take the headache out of planning and personal finances, the team at Plum is helping people save money effortlessly.
Alex Michael and Victor Trokoudes were frustrated with saving money. They wanted a simple solution that earned more than your average savings account.
Alex and Victor created Plum, a ‘savings butler’ that monitors your spending and automatically saves you money. Through integration with Facebook Messenger, Plum makes it easy to deposit and withdraw savings. By auto-investing your money via RateSetter, your savings earns around 3.0% interest. Compare that to the industry average of 0.15% that banks typically pay and you’ve got one hell of a compelling reason to switch to Plum now.
Plum recently raised over £700,000 on Seedrs and they don’t plan to slow down anytime soon. The capital will be put towards new features, new investment options, and new talent. Watch the short clip below to discover why now is an exciting time to join Plum and check out their careers site to discover opportunities in marketing, operations, and engineering.
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