Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking and money management services, also includes stock and cryptocurrency investing. Now, as it gears up to add more services to its platform and expand across […]
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German Fintech Vivid Money Secures €60M from Greenoaks, Ribbit Capital, Reaches €360M Valuation
Berlin-based Fintech
Vivid Money, a mobile banking app provider, has secured €60 million in capital through a Series B round that was led by
Greenoaks along with participation from existing investor
Ribbit Capital.
Founded in 2019 by
Artem Yamanov and
Alexander Emeshev, Vivid has also received backing from Russian financial giant Tinkoff Bank. Established in Germany, Vivid provides savings, spending, and investment tools that are easily accessible via a single app. Users are able to get a German IBAN and engage in share and crypto trading. They can also complete peer-to-peer payments and access various financial management features.
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German challenger Vivid Money raises EUR60m 30 April 2021
1 Berlin-based mobile banking app Vivid Money has raised €60million in a Series B funding round led by Greenoaks and joined by existing investor Ribbit Capital. The round gives Vivid, which was founded in 2019 by Artem Yamanov and Alexander Emeshev and has backing from Russian giant Tinkoff Bank, a €360 million valuation.
Launched in Germany last year, Vivid offers saving, spending and investment tools from a single app. Users get a German IBAN, share and crypto trading, P2P payments and money management features.