Vivid raises 100 million euros
The Berlin-based start-up has successfully completed its third financing round, doubling its valuation.
Neobank Vivid has raised 100 million euros in a recent financing round. The round was led by Greenoaks Capital. Ribbit Capital and Softbank Vision Fund 2 were also involved. This round doubles the company's valuation to 775 million euros, according to the news agency dpa.
Vivid offers a banking app that allows users to have the functions of a current account and invest in shares and cryptocurrencies at the same time. This puts Vivid in competition not only with other neobanks such as N26 and Revolut, but also with online brokers such as Trade Republic. Vivid wants to use the new capital to attract additional customers. There are already 500,000 registered users, but not all of them are active. The start-up also wants to use the money to hire new staff.
Artem Iamanov and Alexander Emeshev founded the start-up in 2020. Vivid now employs 350 people. In addition to Germany, Vivid is also active in France, Spain and Italy.
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