17 million euros stock rewards: New cashback and savings plans

March 21, 2022
  • From now on, users are able to set up savings plans for investments in over 3,000 shares, ETFs and precious metals.
  • The cashback rewards model will be increased tenfold; in 2021, the Vivid community was credited with over 17 million euros in stock rewards.
  • The Vivid Beat community feature is now fully available to all users.

Berlin, 21 March 2022 – The mobile financial platform Vivid is significantly expanding its cashback offer, introducing savings plans as a new feature and making the Vivid community feature Vivid Beat available to everyone. Last year, Vivid users put more than 17 million euros into their Stock Rewards pockets: The money from the cashback rewards model is invested directly in shares in the pocket. To make shopping even more fun, not only has Prime cashback now been increased to one per cent on all card payments – ten times more than before – but all standard users with the free account now also receive cashback on every purchase. The five most popular brands in the Stock Reward Pocket were Tesla, Apple, Nvidia, Alphabet and Moderna. In addition, users can now set up free savings plans to invest regularly in over 3,000 shares and ETFs as well as precious metals such as gold and silver. At the same time, the community feature Vivid Beat is leaving the test phase so that the Vivid community can exchange information about their investments even better and thus make smarter investment decisions.

Savings plans
Vivid Invest has greatly lowered the entry barrier into the world of investing. Thanks to its easy access, free learning materials, the Vivid Beat community function and, last but not least, one of the most favourable cost models, customers can get more out of their money when using their banking app. When investments are to be used for a financial buffer or for retirement provision, however, a one-time investment is not enough. With the savings plans, Vivid customers now make regular investments of exactly the amount they want to put aside – starting with one euro. The top three of the most popular ETFs in the Vivid Community are currently the SPDR S&P 500 ETF, the Invesco NASDAQ-100 ETF and the iShares Core S&P500. The three most popular stocks among Vivid users are, in descending order, Tesla, Volkswagen and Apple. Thanks to the access to more than 3,000 shares and ETFs from the USA and Europe as well as precious metals, the savings plan function makes it possible to build up a safe, future-oriented and diversified portfolio. Even though investments should be made especially for the long term, sometimes things turn out differently than planned. The dishwasher no longer runs, the car needs repairing or the children need new footwear every other week – Vivid customers have direct access to the savings plan pocket in real time and can move money to other pockets if necessary.

Investments in shares and ETFs are free of charge for all users. For investments in precious metals, a commission of 1 percent is charged per trade for free users and 0.5 percent for users who have the Prime plan.

Further information on the savings plans can be found here: https://help.vivid.money/en/collections/3387382-savings-plan

Cashback 2.0 for all
The cashback programme is very popular with Vivid customers. From now on, more customers will get even more cashback. Vivid is increasing cashback on all card payments made by Vivid Prime customers tenfold to 1 percent. Previously, customers were credited with 0.1 per cent. At the same time, standard customers now also receive 0.2 per cent cashback on all card payments. Prime customers will receive the usual 3 per cent cashback on payments in restaurants outside the European Economic Area. In addition, free account users will now also benefit from cashback on popular brands such as Flink, Flaconi and others, while the Prime cashback on these brands will be even higher. To mark the introduction of the increased cashback, all customers, regardless of whether they have the free standard account or the Prime plan for 9.90 euros a month, will have access to the new cashback programme in March and April without any conditions.

More information on Cashback 2.0 can be found here: https://help.vivid.money/en/articles/4159693-what-is-cashback

Vivid Beat now available to all customers
Following the successful beta test of Vivid Beat with over 300 Vivid users, registration is now open to all customers. With Vivid Beat, the community can exchange information about the development of the financial markets and share their own trading experiences as well as personal opinions and tips. The exchange platform is intended to enable more people to enter the world of investing and saving and help them make smarter investment decisions.

About Vivid
Vivid is the first financial service platform that combines all your daily money needs in one app. Whether it’s spending, saving, or investing – Vivid Money offers an easy, flexible, and transparent solution to grow your money. The company's mission is to provide their over 500,000 customers throughout Europe with a superior banking and investment experience and to offer a wide range of financial services without unnecessary fees. Vivid Money was founded in 2019 in Berlin and consists of an international, highly qualified team of more than 300 employees. Vivid has already raised over 200 million euros from renowned investors, including Ribbit Capital, Greenoaks Capital, and the SoftBank Vision Fund 2, and is valued at 775 million euros.

For more information, please visit https://vivid.money/