Plus500 turns to US for ‘super-app’ ambitions

Plus500 has laid out plans for a “super-app” in the US after completing a takeover that will deepen its presence across the Atlantic. The FTSE 250 fintech said on Tuesday it had begun development of a super-app that will offer sophisticated trading capabilities” and new features for US users. It came as the firm revealed it had bought retail investor platform Hedge, which holds a US broker-dealer registration with the Securities and Exchange Commission (SEC). The London-listed group said the takeover provides the SEC-regulation needed to launch its new super-app in the US in the first quarter of 2027. It added it plans to expand to further geographies “over time”. Plus500 began operations in the UK shortly after it was founded in 2008. It expanded into the US nearly fifteen years later following the acquisition of Cunningham Commodities in 2021. US super-app significant step, says Plus500 boss In the UK, it offers contracts for difference, which allow users to spec