The company is now valued at EUR 360 million following the financing round, which was led by US-based investment firm Greenoaks. Venture capitalist company Ribbit Capital, who has invested in fintechs such as Robinhood, Coinbase or Nubank, was also amongst the investors. Most of the funding will be invested in further expansion and product development. Vivid Money plans to map all financing topics such as investments, savings, stocks and crypto assets via an app. Vivid Money’s last financing round of EUR 15 million took place in November 2020 when the company had a valuation of EUR 100 million.
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