Plum raises $10M led by the European Bank for Reconstruction and Development as well as Japan’s Global Brain.

Plum, a London, UK and Athens, Greece-based startup operating a consumer mobile app used for financial savings, announced that it raised a $10 million capital investment round.

The money was provided by a range of investors led by Japan’s Global Brain and the European Bank for Reconstruction and Development. In addition, the company has received further funding from early backer VentureFriends, matched by the U.K. taxpayer via the U.K. government’s Future Fund scheme.

Plum, founded in 2016 by Victor Trokoudes (an early TransferWise employee) and Alex Michael, developed a software tool using artificial intelligence to help people manage their money via a mobile application. The app's value porposition is offering savings solutions for cosnumers in accordance with their bank transactions.

Prior to this round, Plum raised $9.3 million.