Vivid Money raised €100 million in a round of funding led by Greenoaks Capital, and joined by Ribbit Capital and SoftBank.

Vivid Money, a Berlin, Germany-based startup building a neobank, announced the completion of a €100 million ($113.7M) capital funding round.

The money was raised from investors led by US-based Greenoaks Capital, and joined by Ribbit Capital and SoftBank, in a deal that values the company at €775 million.

Vivid Money, founded in 2020 as a spinoff from the Russia-based Tinkoff Bank by Artem Yamanov and Alexander Emeshev, built an all-in-one financial app for sending, saving, spending. In addition to online banking services, consumer have access to stock and cryptocurrency investments, peer-to-peer payments and budgeting tools.

The company is working with Solarisbank, which provides a fully licensed “Banking-as-a-service” platform, and with VISA as exclusive payment technology partner. It is active in Germany, France, Spain and Italy.

Vivid Money is owned by Incantus Holding Limited from Cyprus, and the product development mainly takes place in Moscow, Russia. It previously raised €60 million in 2021 and raised €15 million in 2020