Plumery, a digital banking experience platform that focuses on delivering true customer-centric banking solutions, has announced that it has secured an additional $3.3m in funding.
The latest funding round was led by early-stage investor DN Capital and Fontes, managed by the renowned global VC firm QED Investors.
This new capital brings Plumery’s total funding to date to $7.8m as it gears up for a larger Series A round planned for 2025.
Founded in 2022, Plumery has been dedicated to providing a digital banking platform that allows organisations to quickly deploy and customise their banking capabilities.
The company focuses primarily on the small and medium enterprise (SME) sector, as well as consumer banking and lending, ensuring that its platform meets the needs of diverse clients.
Its innovative approach enables banks and lenders to innovate without the disruption of overhauling existing legacy systems.
The funds will be utilised to bolster Plumery’s sales and marketing efforts, enhance global partner management, and improve the product’s features for SMEs and consumer segments.
Furthermore, the company plans to increase headcount in critical areas such as product development, engineering, and commercial operations.
Yusuf Özdalga, Partner and Head of Europe at QED Investors said, “Plumery is a trailblazer in the digital banking space and is uniquely positioned as a bridge between traditional banking and the fast-evolving fintech landscape. Their platform enables banks to innovate rapidly without the disruption of overhauling existing legacy systems. Their clear vision and execution capabilities have been impressive, particularly in scaling their global presence and enhancing their product suite. We believe in Plumery‘s potential to disrupt the market and are excited to support them as they reach new milestones in this next chapter of FinTech evolution.”
Guy Ward Thomas, Partner at DN Capital added, “Plumery empowers banks, lenders and fintechs to stay competitive in today’s fast moving digital landscape Having backed leading consumer FinTechs, we know how important it is to deliver outstanding web and mobile experiences. For incumbents and challengers alike, investing in great digital journeys is crucial to winning and retaining customers in a world where neobanks are raising the bar. Plumery’s innovative approach aligns perfectly with our fintech investment thesis – to transform the banking tech stack delivering real commercial impact. We are excited to back what is clearly a key player in this space to help them expand their global presence.”
Plumery’s platform offers mobile and web banking interfaces that can be built on either modern or legacy core banking systems, achieving an impressive speed improvement of 80% at a lower cost compared to traditional methods. This positions the company as a significant contender in the evolving FinTech ecosystem, set to continue its expansion with plans for additional features, AI-driven automation, and conversational banking capabilities.
Ben Goldin, Founder and CEO of Plumery said, “We are excited about the continued support from our investors, which validates the progress and strategic foresight we have demonstrated. Our commitment to product excellence and expansion into key markets is central to our roadmap, and this funding will propel us even further. We look forward to working with our partners in this next phase of our evolution and sustained growth in today’s competitive market.”
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