Vivid is a fintech platform that provides online banking and financial services for small and medium-sized enterprises, allowing users to manage multiple accounts with individual German IBANs and earn up to 5% annual interest on uninvested cash through Money Market Funds. The platform facilitates instant SEPA and SWIFT transfers, customizable virtual and physical cards, and cashback rewards, addressing the need for efficient financial management and competitive returns in a single mobile app.
Funding
$203.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) often struggle with managing multiple bank accounts, executing international transfers, and maximizing returns on uninvested cash, requiring them to use disparate financial tools. Traditional banking solutions may lack the agility and competitive interest rates needed to optimize financial operations for growing businesses.
Solution
Vivid provides a fintech platform designed to streamline financial management for SMEs, offering up to 30 accounts each with a unique German IBAN. The platform enables instant SEPA and SWIFT transfers, customizable virtual and physical cards, and cashback rewards. Users can earn up to 4% annual interest on uninvested cash through Money Market Funds, which are invested in AAA/Aaa rated funds managed by BlackRock and others. Vivid's solution allows businesses to oversee personal and business accounts in the same mobile app or manage their business account from a computer via a web app.
Target Audience
The primary target audience includes small and medium-sized enterprises seeking a comprehensive platform to manage their finances, optimize cash flow, and earn competitive returns on uninvested capital.
Features
- Up to 30 accounts with individual German IBANs for efficient organization of funds
- Earn up to 4% annual interest on uninvested cash through Money Market Funds
- Instant SEPA and SWIFT transfers for seamless international transactions
- Customizable virtual and physical cards for secure and flexible spending
- Cashback rewards on eligible purchases
- Mobile and web app access for convenient account management
- PCI DSS certified security to ensure data protection
- Integration with Apple Pay for safe and easy payments