Aug 15, 2017
On the foot of their €25 million Series A raise earlier this month (one of the largest in Irish history), Plynk is beginning their expansion plans across Europe with the aim of becoming a “verb” in every European language.
Today, sending a photo, video, or chat with a friend has become second nature to young adults. This cohort has become accustomed to the free and instant transfer of data using purely their mobile phone. This is also the generation that can see when their friend is typing. No wonder many find it hard to fathom that a bank transfer can take days.
By offering instant person-to-person payments, Plynk is aiming to remove the awkwardness and complexities associated with sending money to family and friends. Linked to users’ social networks, Plynk users can send money as a message to a single contact or in group chats instantly and with no fees. Once an account is created, users receive a payment account with a dedicated IBAN and virtual Mastercard for online payments.
With Plynk, users send money to a name, not an account number, turning a normally formal and uncomfortable task into a transparent, instant, and social interaction. This intersection between social and payments is an area Charles is avid on exploring, especially due to his experience at both Microsoft and Facebook within the States and Ireland.
I founded Plynk, the money messenger, to make money more fun for people. Money messaging makes money move freely between people. Currently solutions for moving money can get between friends. - Charles Dowd