Vivid Money secures series B €60 million round led by Greenoaks and joined by existing investor Ribbit Capital.
Vivid Money, a Berlin, Germany-based startup building a neobank, announced securing capital funding to the company of €60 million ($72.7M) in what they call a series B fundraise.
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.
Vivid Money is owned by Incantus Holding Limited from Cyprus, and the product development mainly takes place in Moscow, Russia. It previously raised €15 million in 2020, out of a total of 40.