Milan, March 21, 2022- Vivid Money, a financial platform aiming to offer the ultimate app to manage one's savings, launches its new updated version, Vivid 2.0, on the Italian market, an update that will implement the Berlin-based fintech's huge existing offering to the total benefit of its users. Thanks to the closing of a €100 million Class C round last April, doubling its valuation to €775 million, Vivid has focused its funds on expanding its solutions available to users by further improving its services with regard to crypto offerings, cashback, savings plans.
Vivid has decided to expand the number of tradable cryptocurrencies beyond 100, making its cryptocurrency catalog one of the largest in Europe and allowing direct access to cryptocurrency markets. Vivid customers will be able to invest in an ever-growing list of cryptocurrencies, extremely easily and safely, starting from one euro and taking advantage of the best- guaranteed pricing structure.
In addition, brand new solutions such as sending and withdrawing cryptocurrencies to external wallets will soon be available. Thanks to these dedicated tools, users will be able to transfer or withdraw their crypto assets to physical wallets and online wallets, with the possibility to send crypto to their friends as well. Thanks to these features, starting this week Vivid users will be able to donate over 100 cryptocurrencies directly and on-chain towards the international humanitarian organization "Save the Children". The amounts will be fully donated to support initiatives for children affected by the war in Ukraine.
The new Crypto 2.0 service was made possible through Vivid's partnership with Copper, a UK-based company that provides cryptocurrency exchange and custody services to more than 400 institutional investors. Copper's custody - which supports more than 450 different tokens - will provide maximum security for users through the use of multiparty computing technology, which allows transactions to be signed without the risk of revealing private keys.
Savings plans accessible to all
Thanks to Vivid Invest, the barriers to entry into the world of investing have been completely broken down. Through simplified access, free educational materials, interface with the Vivid Beat Community, and one of the most affordable cost models, clients have the ability to manage their savings directly from their banking app. With personalized savings plans, Vivid customers will be able to invest exactly the amount they want to set aside on a regular basis - starting at €1. In addiction the users, thanks to Crypto 2.0, will be able to regularly invest in cryptocurrencies at an excellent rate and will be able to invest in major cryptocurrencies like Bitcoin, and emerging cryptocurrencies like Shiba Inu and store them safely. They will also have access to investments in more than 3,000 U.S. and European stocks and ETFs, as well as precious metals. The savings plan feature will allow anyone to create a safe, forward-looking and diversified portfolio. Another key aspect to consider is the Pocket Savings Plan, with which Vivid offers its customers the ability to withdraw their savings in a unique and flexible way, allowing real-time access to the savings pocket and the ability to move the desired amount to other pockets as needed by users.
With the introduction of Cashback 2.0 users will have the possibility to receive significantly higher amounts of money back than in the first version in the app. In fact, Vivid has decided to increase cashback tenfold to 1% on all card payments for Vivid Prime customers, compared to 0.1% in the previous version. In addition, this type of users will be able to take advantage of a 3% cashback on payments in restaurants outside the European Economic Area. As for all customers with a standard account who pay with a card will have a cashback of 0.2%.
In order to access the Cashback 2.0 service next month, customers will need to make transactions totaling 500 euros within 30 days. All card payments, whether physical or not, with Google Pay, Apple Pay and online shopping will be valid.
To mark the launch of Cashback 2.0, all customers, whether they have a free standard account or a Prime plan for €9.90 per month, will have access to the new cashback program in March and April without any conditions.
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 400 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/