Amsterdam-based Plumery, a platform that helps bring in rapid innovation in modern banking, announced on Wednesday, April 25, that it has secured $4.5M (approximately €4M) in a fresh round of funding to help banks stay competitive.
Plumery told FFN that the money will go towards product development as its team works closely with a small group of early clients and hiring. Later this year, the startup is anticipated to launch as a publicly accessible subscription-based service.
The startup says, “With our new platform, banks will have the ability to improve their digital banking experience with pre-built functionalities and features that can easily be integrated into new and existing bank applications and build their own unique features faster and with less resources.”
Investors in this round
The investment came from Headline, Better Tomorrow Ventures, Seedcamp, Cocoa Ventures, Didier Valet (Former Deputy CEO of Société Générale Group), Ricky Knox (Founder of Tandem Bank), Alan Morgan (Chairman at Nivaura), and many other prominent fintech leaders and investors.
Jonathan Userovici, General Partner at Headline, told FFN, “Plumery’s approach provides value not only to traditional banks but also to the new challengers that often face the risk of spending exorbitant amounts on development costs without yielding significant results.”
“Ben’s exceptional understanding of both the agility demanded by today’s technology and the long-term stability required in banking make him an ideal partner for any modern financial institution. The product-founder fit is second to none,” adds Userovici.
The digital engagement platform for banks
Founded by Ben Goldin, Plumery offers a complete digital engagement platform with the aim of empowering banks to develop great mobile and online experiences for their clients and provide them with the groundwork for success beyond fast-time-to-market.
Plumery’s The Digital Success Fabric is the new-generation digital engagement platform for banks of any size globally to accelerate their digital initiatives.
According to Plumery, it takes 12 to 18 months to build a digital engagement platform from scratch, and it requires a lot of resources.
With Plumery’s The Digital Success Fabric interaction platform, banks can access a wide range of pre-built features without spending money on costly in-house development and continuing to utilise all the advancements at no extra expense.
They can quickly roll out new products and services and cut their time to market in half with the company’s exclusive developer-focused tools.
The Digital Success Fabric includes a suite of services that cover all of the demands that are common to all banks while also allowing them to develop new capabilities more quickly by utilising the latest technology and assuring a high level of security, dependability, and scalability.
The company is headquartered in the Netherlands, and its team works from across three main locations – Amsterdam, Lisbon, and Vilnius.
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