Plum’s new crowdfunding round has gone live in private mode on Crowdcube.
It’s a convertible round, 20% discount with a valuation cap of £200M, default longstop (6 months) valuation of £150M.
Can you paste the link please.
Hi, the crowdcube link to the plum raise is
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Taken this screenshot from the pich deck of Plum on Crowdcube (Freetrade is also mentioned). It seems they were one of the first one to land in Europe.
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Plum is burning £5 million every 5 weeks,I’ll say no more??
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Looks like Lightyear’s platform will include UK & EU stocks and etf’s soon - they are performing some account changes to support it.
“In preparation for adding UK and EU stocks and ETFs, we wanted to let you know that your existing Lightyear multi-currency account details are about to change.”
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I see that they are expecting to make an EBITDA loss of £10.1 million for 2022 according to their pitch deck. Which works out at a loss of around £1million every 5 weeks. Is this what you meant @MohammedMohammed?
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I have asked Plum on three separate occasions what their burn rate is and they won’t respond.
I would also like to add that I don’t see Plum as a competitor to Freetrade and I actually think Plum are going to sink!
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Also Moneybox launched the option to buy US shares on their app:
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I mean only rly useful for less liquid stocks, but still a nice feature
Trading 212 is already 15 in the App Store ranking.
Inno those guys are killing it - I’m still surprised there ISA is free
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Why they are doing so well? I don’t see too much marketing from their side
It’s a great product and the price is super competitive. Kind of sells itself.
Provide those facts please. Some of us are unaware
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