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June 8, 2017

Money messaging app Plynk raises €25m in fresh investment round

By Prasad

Dublin-based money messaging app Plynk has raised €25m in Series A investment round to expand its services into other European markets.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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The funding round was led by a private investment trust Swiss Privée.

Founded by Charles Dowd and Clive Foley in 2015, the social payments start-up allows instant and transparent transfer of money among friends.

The payment solution integrates with users’ Facebook accounts to allow them to send money as a message to a single contact or in group chats instantly without any fees.

Plynk also plans to integrate with both Apple and Android Pay to allow users to transfer funds across multiple outlets.

The app, which was soft launched in January 2017, has a customer base of more than 6,000 in Ireland. The company also plans to launch its app in Spain and Portugal

Plynk CEO Charles Dowd said: “Private investment trust Swiss Privée Ltd believes in our pan-European vision and knows it’ll take significant resources to execute it. They’ve committed to a Series A raise of €25 million. It’s one of the largest ever Series A raises in Irish history, and probably the largest for a software company in Ireland.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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