Plumery Raises $4.5 Million for its Component-Based Banking Tech

• Banking technology provider Plumery raised $4.5 million in seed funding.
• Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment.
• Former Mambu CTO and CPO Ben Goldin founded Plumery in 2020.

Component-based banking technology company Plumery has raised $4.5 million in funding. Better Tomorrow Ventures, Headline, Seedcamp, and Cocoa Ventures led the investment. Also participating in the funding were business angels Didier Valet, Ricky Knox, and Alan Morgan. Valet is former deputy CEO of Société Générale. Knox is the founder of Tandem Bank. Morgan is a former senior partner at McKinsey. Ben Goldin, former CTO and CPO of Finovate alum Mambu, founded the company in 2022. Plumery will use the capital to fuel product development.

“The banking industry has changed and continues to evolve every day,” Goldin said. “Today, consumers are looking for a seamless digital onboarding and customer experience, continuous product improvements that are personalized, and reliability when it comes to their bank. However, many traditional banks aren’t able to make these changes as easily as one would think which is why it’s essential that we build a next-generation platform.”

Plumery offers a software overlay that enables banks to develop and launch mobile and web apps faster. Financial institutions can use Plumery’s technology without having to overhaul their existing banking infrastructure. The company expects to launch a publicly accessible version of its solution via a subscription-based model later this year.

Headquartered in Amsterdam, Plumery was founded in December 2022. Goldin, who serves as the company’s CEO, brings more than 20 years of experience to the new venture. He spent more than five years at Mambu as CTO, CPO, and Strategic Advisor. Previously to his tenure at Mambu, Goldin spent more than four years at Backbase – another Finovate alum.

In a LinkedIn post, Headline General Partner Jonathan Userovici explained the role he believed Plumery would play in helping banks innovate better.

“Something we all noticed,” Userovici wrote, “successful tech companies, including some challenger banks, improve their mobile applications up to 5x more frequently than traditional banks. With Plumery, everyone will be able to implement mobile and web apps blazingly fast and at a fraction of current costs.”

Photo by _ Harvey

The post Plumery Raises $4.5 Million for its Component-Based Banking Tech appeared first on Finovate.