Luxembourg, June 28, 2024 — Vivid Money S.A., a financial institution authorized in Luxembourg under the supervision of the CSSF, announces the appointment of industry expert Robert Scharfe as an independent director to its Board of Directors.
"We are proud to welcome Robert Scharfe to our Board," said Dr. Jörg Geiben, General Counsel at Vivid Money Group and member of the Board of Directors of Vivid Money S.A. "His extensive experience and deep understanding of the Luxembourg and European financial industry will be invaluable as we continue to expand our services and enhance our position within these markets."
Robert Scharfe brings a wealth of experience to Vivid Money S.A., with over 40 years of expertise in capital markets and corporate & investment banking. His distinguished career includes senior management and executive roles at prominent institutions such as the Luxembourg Stock Exchange, BGL BNP Paribas (Luxembourg), and Fortis Bank (Belgium). Scharfe will serve a three-year term on the Board.
"The Vivid Money Group offers innovative financial services and is now available all over the European Union. I am honored to join the Board of Directors of Vivid Money S.A. at this exciting time," said Robert Scharfe. "I look forward to working with the team to drive innovation and growth, leveraging my experience to support the company's vision and objectives."
As an independent director, Scharfe's appointment aligns with Vivid Money S.A.'s commitment to best practices in corporate governance. The Board of Directors now comprises two directors representing Vivid Money and one independent director, ensuring a balanced and effective governance structure.
Earlier this year, the Vivid Group announced the acquisition of the electronic money institution formerly known as Joompay Europe S.A. and offers payments, accounts and cards services.
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 offers an easy, flexible and transparent solution to grow your money. The company's mission is to provide its more than 500,000 customers throughout Europe with a superior payment and investment experience and to offer a wide range of financial services (including savings accounts, multi-currency accounts and investments in stocks and crypto) without unnecessary fees. Vivid was founded in 2019 in Berlin and consists of an international, highly qualified team of more than 200 employees. Vivid has already raised over 200 million euros from renowned investors, including Ribbit Capital, Greenoaks Capital and the SoftBank Vision Fund 2, and was valued at 775 million euros at the latest funding round in 2022.
For more information, please visit https://vivid.money/