London | August 10, 2022 10:00 AM Eastern Daylight Time
Plutus is a London-based FinTech providing industry-leading crypto reward rates and 20+ Perks such as 100% back on Netflix, Spotify, and Prime. Its user base has experienced 20.4% Month-on-Month (MoM) growth due to the value customers get from its rewards programme.
Currently, Plutus is available in the United Kingdom (UK) and European Economic Area (EEA). In Q1 2023, Plutus will launch its finance app and card in the United States (US), the largest crypto market in the world.
Plutus has partnered with Prepaid Ventures (PPV), one of the leading debit card solutions in the US, to issue its Plutus-branded Visa debit cards to U.S. residents.
Danial Daychopan, CEO & Co-founder of Plutus, comments on the announcement:
“This is a major milestone. Soon, a population of 330m will be able to earn substantial amounts of crypto simply for living their lives to the fullest! We know there is a huge demand for our services and we have full intentions to become a dominant player in the U.S. neo-banking sector.”
Andrew Siden, CEO at Prepaid Ventures, comments on the partnership:
At PPV, we are perfectly built to support Plutus in bringing its solutions to the US and providing its customers with a dynamic and reliable platform customized to match Plutus' offering in the EU."
"Our missions are well aligned and we look forward to a successful partnership with the Plutus team."
Plutus recently experienced a huge surplus of card orders, issuing 6-months' worth of card stock in less than 6 days and ultimately running out of card stock. Now, 50,000+ users are signed up on a waitlist until cards return in stock.
Prepaid Ventures, LTD. entered the financial market with the aim of providing customers of alternative financial centers a financially inclusive product, making e-commerce, and other electronic payments universally accessible. Today, as one of the leading providers of payment processing, program management, and prepaid debit card solutions, Prepaid Ventures also leverages its in-house technology to launch other products for itself as well as third parties.