UK fintech Plum follows Klarna in securing e-money licence

cityam12-08

Plum chief executive Victor Trokoudes Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slump. Plum ...

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Plum ...</p>\n\n<a href=\"https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK fintech Plum follows Klarna in securing e-money licence</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUK fintech Plum follows Klarna in securing e-money licence\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-08 13:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Plum chief executive Victor Trokoudes Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slump. Plum ...</p>\n\n<a href=\"https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCA","symbol_name":"First Trust China AlphaDEX Fund","start_time":0,"source_url":"https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/","article_id":"2589389567","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/Plum_Victor_0209b-1.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589389567","pubTimestamp":1765170000,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Plum chief executive Victor Trokoudes Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slump. Plum – which was founded by the ex-head of banking for Wise Victor Trokoudes in 2016 – has received authorisation to operate as an Electric Money Institution  from the Financial Conduct Authority .The move gives Plum the green light to essentially operate as a bank with a narrower scope through offering online transfers, prepaid cards and managing digital wallets.The London-headquartered fintech boasts over 2m customers, which it automates “difficult” personal finance for.Trokoudes said the new licence was a “huge milestone” that would allow the firm to “broaden [its] services further and offer new features”.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.But firms have struggled to g","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund","EMI":"Encore Medical Inc","BK4227":"交易和支付处理服务","KLAR":"Klarna Group plc"},"translate_title":"英国金融科技Plum追随Klarna获得电子货币牌照","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KLAR":1.5,"EMI":1,"FCA":1},"content_text":"Plum chief executive Victor Trokoudes Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slump. Plum – which was founded by the ex-head of banking for Wise Victor Trokoudes in 2016 – has received authorisation to operate as an Electric Money Institution (EMI) from the Financial Conduct Authority (FCA).The move gives Plum the green light to essentially operate as a bank with a narrower scope through offering online transfers, prepaid cards and managing digital wallets.The London-headquartered fintech boasts over 2m customers, which it automates “difficult” personal finance for. \n\nTrokoudes said the new licence was a “huge milestone” that would allow the firm to “broaden [its] services further and offer new features”.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPlum pocketed £12.8m in income for the last financial year, according to Companies House filings. This was over double the £6.2m the previous year.The fintech, which has a headcount of 169 employees, made a loss of £9.6m for the same period, which edged down from £14.3m the year prior.Plum beats regulation frustrationEarlier this year, Klarna received the same stamp of approval from the watchdog allowing it to accelerate its transition into becoming a digital bank. \n\nBut firms have struggled to get the seal of approval from the regulator.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2589389567","isCrawlerRequest":true}