# Vivid Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vivid-money

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.vivid.money
- Total disclosed funding: $204M
- Latest round: Series C (Feb 7, 2022)
- Investors on record: 3

## About

Based in Germany, Vivid Money GmbH operates as a digital financial services company, providing tools for financial management tailored to businesses and freelancers across Europe.Vivid Money GmbH, founded in 2020 and headquartered in Berlin, Germany, specializes in offering integrated financial solutions for businesses and freelancers. The company was co-founded by Alexander Emeshev and Artem Iamanov, with Esmond Berkhout serving as CEO. Vivid has successfully completed a Series C funding round in February 2022, raising EUR 100 million from lead investor Greenoaks Capital, along with Ribbit Capital and new investor SB Investment Advisers. The company has raised a total of EUR 100 million to date, achieving a current valuation of EUR 775 million.Vivid Money provides a comprehensive suite of financial products designed primarily for businesses and freelancers. Their services include business accounts featuring high interest rates on uninvested cash, multiple IBAN issuance, and an interest account offering promotional rates of 4% for the first month and 3% for the second month. Clients benefit from instant transfers via SEPA and SWIFT, as well as integrated invoicing and bookkeeping tools, catering to various sectors across Europe, including Germany, Italy, and beyond.In 2022, Vivid Money reported revenue of EUR 12,953,398.80, with an EBITDA of EUR -25,251,375.90. The company generates revenue primarily through a subscription model with tiered pricing plans, which include Free Start, Basic, and Pro accounts, priced at EUR 0, EUR 7, and EUR 19 per month, respectively, excluding VAT.Following the successful Series C funding round in February 2022, Vivid Money plans to utilize the EUR 100 million raised to enhance its investment and banking offerings. The company's strategy includes transforming its ecosystem into a comprehensive community platform where users can bank, save, invest, and manage all financial matters. Vivid intends to expand its market presence within Europe, targeting growth in various regions to broaden its client base as it develops new products to meet evolving financial needs.

## Funding rounds

- Series C, Feb 7, 2022, $115M — Greenoaks Capital, Ribbit Capital, SB Investment Advisers
- Series B, Apr 29, 2021, $72M — Greenoaks Capital, Ribbit Capital
- Series A, Nov 5, 2020, $17M — Ribbit Capital

## Investors

- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series A, Series B, Series C
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B, Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C