Company Announcement

Airwallex partners with Plum to power its stock investing feature

Airwallex partners with Plum to power its stock investing feature

LONDON, 3 MARCH 2022 - Airwallex, a global fintech platform, today announced its partnership with leading investing app, Plum, to support its cross-border payments and FX needs.

Airwallex was chosen as Plum’s global payments and FX partner to support the launch of Plum’s new stock investing feature that will allow for its customers to trade in 500+ U.S. stocks across a range of large tech brands and options, including major fortune 500 businesses. With the Airwallex integration, Plum can collect, hold and convert funds in multiple currencies and more quickly bring to market new features to customers on their investing journey. 

“How a person manages their wealth is key to their financial success, and Plum has identified an innovative way to help achieve that,” said Jed Rose, GM, EMEA at Airwallex. “We are excited to be Plum’s partner of choice as they look to grow internationally, supporting them on their latest stock investing feature. Our global financial infrastructure aims to empower businesses just like Plum, enabling them to operate anytime and anywhere. We look forward to deepening our partnership and together, continuing to innovate through technology.” 

Plum’s CEO and co-founder, Victor Trokoudes, commented, “More than ever, people across Europe are looking to fintech to help grow their wealth. Plum’s investments are designed to offer a simple way to invest, starting with just £1, and Airwallex is the perfect cross-border payments and FX partner to support our mission. 

Their strong technological infrastructure and dedicated engineering support team has allowed for a seamless integration process, and has enabled us with an efficient, transparent and cost-effective method solution for the launch of our stocks investing feature. We look forward to supporting our customers on their financial journey and are grateful to have Airwallex’s technology working in the background to power our new stock investing platform.”

Founded in 2015, Airwallex is one of the fastest-growing financial technology companies, operating across Asia-Pacific, Europe and North America today with over 1,000 employees in 19 locations globally. Last year, Airwallex raised a total of US$400 million, more than doubling its valuation to US$5.5 billion. In EMEA, Airwallex has sustained strong momentum as it continues to expand its operations, product offerings and partnerships across the region. Airwallex currently has a team of nearly 100 in Europe, with plans to grow to a team of over 150 by end of the year.  

END

For more information:

Airwallex

Steph Kendall

stephanie.kendall@airwallex.com 

Liz Liang

elizabeth.liang@airwallex.com  

Plum

press@withplum.com

About Airwallex

Airwallex is a global payments platform with a mission to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With technology at its core, Airwallex has built a financial infrastructure and platform to help businesses manage online payments, treasury and payout globally, without the constraints of the traditional financial system. Airwallex has secured over US$800 million since it was established in 2015, and is backed by world-leading investors. Today, the business operates with a team of over 1,000 employees across 19 locations globally. For more information, please visit www.airwallex.com. Airwallex (UK) Limited (Company No. 10103420) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (firm reference number 900876).

About Plum

Plum is Europe’s ultimate investing app. Founded in 2016 by Victor Trokoudes (ex-Wise) and Alex Michael (ex-TicTail), Plum’s mission is to banish financial instability and make everyone better off over their lifetime. The Plum app acts like a brain by automating the parts of personal finance that people find difficult or don’t have time for. It sets aside what each person can afford, finds better deals on everyday bills, offers useful spending insights and provides a simple platform for easy-access investments. The growing Fintech, with over 1.5 million in its community, has raised $19.3 million in total since being founded and has saved more than $500m for customers. With an iOS and Android app launched in 2019, Plum has now grown to include a unique investment platform, budgeting analytics, and interest on savings. Plum is headquartered in London, UK and has offices in Athens, Greece and Nicosia, Cyprus.

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