About Plutus
Plutus is a company based in London (United Kingdom) founded in 2015. It operates as a FinTech, and Commission-Based. Plutus has raised $6 million across 3 funding rounds from investors including Alphabit. Plutus offers products and services including Plutus Card and Plutus App. Plutus operates in a competitive market with competitors including Wirex, Shakepay, Intellabridge, DolarApp and Damex, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Block Code Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Feb 16, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of Plutus
Plutus offers a comprehensive portfolio of products and services, including Plutus Card and Plutus App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A card offering cashback and rewards on spending.
An app for managing rewards and card usage.
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Funding Insights of Plutus
Plutus has successfully raised a total of $6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
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First Round
First Round
(30 Jun 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2021 | Amount | Series A - Plutus | Valuation | Alphabit |
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| Jul, 2016 | Amount | Seed - Plutus | Valuation |
investors |
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| Jun, 2016 | Amount | Token Sale - Plutus | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Plutus
Plutus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Alphabit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cryptocurrency investments are managed by Alphabit fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Plutus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Plutus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plutus Comparisons
Competitors of Plutus
Plutus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wirex, Shakepay, Intellabridge, DolarApp and Damex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
App-based wallet for cryptocurrencies and traditional currencies is provided.
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| domain | founded_year | HQ Location |
Cryptocurrencies are exchanged via a mobile app platform.
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| domain | founded_year | HQ Location |
Blockchain protocols for financial applications are developed and provided.
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| domain | founded_year | HQ Location |
Currency exchange is facilitated via an internet-first platform.
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| domain | founded_year | HQ Location |
Debit cards for cryptocurrency transactions are provided by Damex.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plutus
Frequently Asked Questions about Plutus
When was Plutus founded?
Plutus was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Plutus located?
Plutus is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Plutus a funded company?
Plutus is a funded company, having raised a total of $6M across 3 funding rounds to date. The company's 1st funding round was a Token Sale of $844.85K, raised on Jun 30, 2016.
What does Plutus do?
Plutus is managed as a financial technology platform offering rewards and cashback through the Plutus Card and app. Services are provided in the financial sector, focusing on electronic money and payment solutions. Operations are supported by partnerships with regulated entities for card issuance and fund safeguarding across the UK and Europe.
Who are the top competitors of Plutus?
Plutus's top competitors include Wirex, Shakepay and Intellabridge.
What products or services does Plutus offer?
Plutus offers Plutus Card and Plutus App.
Who are Plutus's investors?
Plutus has 1 investor. Key investors include Alphabit.
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