About Vivid Money

It is the first fintech deal involving a German company this year: Berlin-based neobank Vivid is acquiring Luxembourg fintech Joompay. This information was shared with Handelsblatt in advance by the companies.

The European financial platform Vivid Money is making a strong entrance into Spain’s savings market. The German neobank launched its new ’Vivid Business’ offer for businesses and freelancers on Wednesday, providing an account with up to 5% annual interest for the first two months, and up to 3.5% thereafter. This benefit is also available to retail customers.

Vivid Money, a financial super app, raises $114M at an $886M valuation to expand in Europe. 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.

Vivid Money, a competitor of N26, has raised fresh capital from investors and is now valued at €360 million. The Berlin-based fintech, founded in 2020, announced that the €60 million funding round was led by Greenoaks.

Berlin-based fintech Vivid Money has acquired fellow German fintech Pile and its treasury solution as it looks to expand its Vivid Business offering for small and medium-sized enterprises (SMEs) launched at the start of the year. The mobile banking platform announced the launch of Vivid Business in January to combine corporate and personal financial management into one app.

Years ago, Vivid launched in Europe with big ambitions, making a splash in the fintech scene. However, after an initial growth phase, things quieted down for the neobank. Now, Vivid is breaking away from its long-standing partner, Solaris, by securing its own license and is planning the next phase of growth. Founder Alexander Emeshev shares in the podcast how Vivid plans to reach the milestone of 100 million customers across Europe.