Vivid is a fintech startup that offers a unique mobile banking app and a distinctive digital investing platform from a single app.
Vivid Money helps customers save and invest their money.
Vivid Money was founded in 2020 by Artem Yamanov and Alexander Emeshev. The company is headquartered in Berlin, Germany. Vivid is active in four markets Germany, France, Spain and Italy.
Vivid 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.
Vivid also analyzes your transactions to identify your recurring subscriptions. This way, you can block future charges. Vivid Money users can also send money to other users from the app. They can also generate a link so the recipient can enter their banking details.
Vivid also has a cashback program and a premium subscription for €9.90 per month. Paid users get higher limits on free cash withdrawals, the ability to create a virtual card, support for additional currencies and better cashback rewards.
Vivid is backed by Greenoaks Capital, Ribbit Capital, SoftBank Vision Fund 2, and others. The company raised €100M ($114M) in a Series C round on Feb 07, 2022. This brings Vivid's total funding to €175M ($204.6M) to date. The latest round pushed the company's valuation to €775M ($886M) post-money, which is more than doubled from their previous $436M (€360M) valuation gained from a Series B raised in Apr 2021.