Plutus
Financials
Estimates*
GBP | 2019 | 2020 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | (13 %) |
EBITDA | - | 2.6m |
% EBITDA margin | - | 329 % |
Profit | (<1m) | 2.9m |
% profit margin | (16 %) | 355 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$5.0m | Early VC | ||
Total Funding | $5.0m |
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EditPlutus.it is a financial services platform that bridges the gap between traditional banking and the burgeoning world of cryptocurrencies. Catering to both novice and experienced crypto enthusiasts, Plutus offers a rewarding debit card that provides crypto rewards for everyday transactions. The platform allows users to manage both fiat and crypto assets from a single, user-friendly interface, mimicking the familiar mobile banking format to simplify the integration of digital coins into daily life. Plutus operates in the fintech and cryptocurrency markets, targeting individuals who seek a convenient and compliant way to manage their finances. The business model revolves around offering financial services similar to those of challenger banks, but with the added benefit of crypto rewards. Revenue is generated through transaction fees, card top-ups, and possibly other financial services. Plutus ensures regulatory compliance across all areas, guaranteeing its longevity and trustworthiness in the rapidly evolving crypto industry.
Keywords: fintech, cryptocurrency, debit card, crypto rewards, fiat management, user-friendly, regulatory compliance, challenger banks, financial services, blockchain ecosystem.