22: Victor Trokoudes of Plum - The Brain For Your Money
Victor Trokoudes is the co-founder and CEO of Plum. They are focused on making the boring act of saving money an automated, seamless ,background process.
Highlights of this episode:
Problems of personal finances
Getting customers to test your product
Why automation is key to solving personal finance issues
Big issues in financial education
A world where people do not worry about money
[00:54] What is the personal story behind Plum?
[02:33] Are millennial saving less?
[03:31] From saving from subscriptions to helping get reduce bills
[06:52] Do you face trust issues?
[08:02] Automated finance vs challenger banks
[09:30] Connected to savings so no need to decide amount of investments
[10:42] How to uncover the problem
[12:08] BBC article and getting 5000 users
[13:20] Impact on people's lives
[15:05] Is Plum for people with very little income
[17:02] What are the big issues that still need to be solved in personal finance
[18:52] Finance philosophy
[20:09] What is the future of Plum
Plum - https://withplum.com/
Victor Trokoudes Linkedin - https://www.linkedin.com/in/victortrokoudes/
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