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Investing without borders: Plum delivers its mission with Airwallex

Find out why leading wealth management and investing app Plum chose Airwallex to power its stock investing feature.

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Bank-beating FX rate

ensures Plum clients get the best return on their investment

Dedicated engineering team

allowed for fast platform integration

Multiple FX capabilities

reduces the settlement risk for brokers

Plum is a wealth management and investing app that uses open banking and automation to help clients understand their spending habits, save little and often, and grow their money through investment.

Industry

WealthTech

Company size

100–150 employees

Location

London, United Kingdom

Airwallex Products Used

Global Accounts
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Victor Trokoudes

CEO and Co-Founder of Plum

"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."

Plum has a mission: To make your money go further. 

The leading wealth management and investing app uses open banking and automation to help clients understand their spending habits, save little and often, and grow their money through investment. 

When choosing a cross-border payment solution for their new stock investing feature, Plum CEO and Co-Founder Victor Trokoudes knew they needed a partner that would help them deliver on their core mission, so he came to Airwallex.

Airwallex’s experience working in the WealthTech ecosystem and our dedicated engineering teams allowed for the fast integration of flexible FX capabilities into the Plum platform. 

Airwallex was also able to deliver direct integration with US clearing brokers and support a variety of broker clearing models, from Fully Disclosed to Omnibus and Self-Clearing.  

How is Plum using Airwallex?

Plum’s new investment feature allows clients to trade in various stocks, including Fortune 500 companies such as Google and Apple, from as little as £1. 

Plum enables clients to invest in 500+ US companies across a range of industries and options, including tech, healthcare, and ethical finance. The company plans to expand its offering to the EU.

With its Airwallex cross-border payments integration, Plum can ensure clients get the best exchange rate when buying and selling stocks internationally. Airwallex’s flexible FX capabilities built into the platform allow clients to benefit from a greater return on their investments.

Victor Trokoudes

CEO and Co-Founder of Plum

"Airwallex as a business knew what they were doing, they had done it in other markets, so there wasn’t much of a risk. The willingness to explore and build together led us to work with them."

Building flexible FX into Plum

Challenge

Plum wanted to minimize FX fees for customers when trading international stocks.

They needed a solution that would allow for inexpensive multi-currency exchanges and direct integration with US clearing brokers. They also needed a partner to work quickly and facilitate a fast go-to-market for their new stock investing feature.

Solution

Plum built Airwallex’s multi-currency payment acceptance and low FX rate into their platform. That means when Plum clients trade stocks from international companies, they can be sure they always get the best exchange rate. 

With Airwallex , Plum can collect, hold, and convert funds in multiple currencies at a bank-beating FX rate. Additionally, 24/7 FX settlement allows for FX rates outside of market hours, Quotes add more stability by locking in rates, and Post Fund FX reduces the settlement risk for brokers.    

The Airwallex integration will help Plum minimize the cost of international investment and deliver on its promise to make its customers' money go further.

Seamless platform integration

Airwallex was designed for businesses like Plum. 

The process of building Airwallex into the Plum product was smooth thanks to our experience working in the WealthTech ecosystem, our user-friendly APIs and our fast-working engineering team, who implemented the features to cover Plum’s needs in record time.

Lefteris Economides

Product Manager at Plum

"Building Airwallex into our product was basically seamless, thanks to their easy-to-use APIs and dedicated engineering support team. What was really impressive was that they implemented new features and customised their product really fast to cover all our needs."

Empowering businesses to build without limits

Airwallex helps businesses like Plum grow without borders and deliver the best results for their customers. 

Jed Rose, GM, EMEA at Airwallex, said: “How a person manages their wealth is key to their financial success, and Plum has identified an innovative way to help achieve that. 

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.”

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