Eurobank has expanded its strategic partnership with UK-based Plum Fintech Limited by making a second €5 million minority capital injection into Plum, the fast-growing fintech in Europe that has created a "smart money management" application.

With its new investment in the company, Eurobank has invested a total of EUR 10 million in Plum and becomes one of its key backers. At the same time, Plum has successfully completed the second phase of its fundraising, raising a total of ~18.4 million euros from Eurobank and third party investors.

Following the global market trend towards a digital world, Eurobank is innovating and becoming even more agile through its strategic partnership with Plum, expanding for all its customers who use digital tools the choice of modern savings and investment solutions, the statement said. With Plum's innovative app, users gain access to a digital "ecosystem" of smart money management algorithms that helps them save, invest, and manage their expenses by leveraging automation and artificial intelligence (AI).

It is noted that the app's customer base has already reached two million users in the 10 European countries it already operates in, and, in the last year alone, Plum has almost doubled its revenue and almost tripled its funds under management, which currently exceed £1 billion. Plum has strong links with Greece, employing over 80 people in its Athens offices.