Vivid expands into 23 additional EU countries and enables instant transfers

February 9, 2024
  • New customers can now enjoy cards, accounts and more directly from Vivid from a single provider.
  • Real-time transfers, the most requested feature, is also being launched.
  • In addition, customer can now create even more Pockets and card

Berlin, February 9, 2024 – Vivid's vision of offering all Europeans solutions to manage and grow their wealth is now becoming reality. Today, the European financial platform is announcing its expansion into 23 additional EU countries and is now offering the Vivid app across Europe. All new customers now receive all Vivid services from a single source, including cards and accounts. Vivid is also expanding its product range to include a frequently requested feature: SEPA Instant. 

Europe-wide expansion

Just a few months after the launch of Vivid in its home market of Germany, the financial platform expanded its services to other European countries. Starting with France, Spain and Italy quickly followed. This expansion course is now being continued in one fell swoop, with 23 more countries in the European Union. All new customers will enjoy the unique benefit of a wide range of financial products and functions - all from a single source offered by Vivid. By acquiring its own license, Vivid now provides financial services such as issuing cards and managing accounts.

Customers across Europe can now grow their money with Vivid by receiving up to 4 percent cashback on transactions of their choice, for example. This is paid out in either Stock Rewards or Crypto Rewards, allowing customers to increase their cashback with the most popular stocks or cryptocurrencies. Of course, the popular Pocket structure (sub-accounts), each with its own German IBAN, is also included. In addition, new customers can manage their financial life now with even more Pockets and cards. This means that Vivid customers throughout Europe will be able to create dozens of more sub-accounts and virtual and physical VISA cards. 

Lightning-fast real-time transfers are now available

With the introduction of real-time transfers, Vivid responds to customer requests for even more flexible and faster transfers directly in the Vivid app without third-party providers. Thanks to SEPA Instant, payments can now be made in real-time, i.e., shopping online or person-to-person transactions (P2P) can be made directly and securely in the Vivid app as an alternative to third-party providers. 

While additional fees of several euros are often charged for real-time transfers, SEPA Instant is now used by default for transfers at Vivid. Only if the recipient account does not support SEPA Instant will the conventional transfer method be used. Real-time transfers are completely free of charge for all Vivid customers. There are no additional costs.

"Thanks to our own platform and licenses, we can now develop and offer products for everyday financial life quicker and even more flexibly. We have received messages almost daily from people in Poland, Romania, Ireland and many more countries asking when we will finally offer Vivid in their country. Today, the time has finally come and everyone can manage and grow their money with Vivid," says Alexander Kotov, Head of Vivid Personal.

Vivid's expansion follows the Europe-wide launch of Vivid Business for SMEs. At the beginning of the year, Vivid completed the acquisition of Luxembourg-based fintech Joompay. Vivid took over the entire team as well as the fintech's technology platform and license. 

The complete list of countries where Vivid is now available can be found here: 

More information on all products can be found here: 

Accounts, cards and payments services are provided by Vivid Money S.A., part of Vivid Money group, a financial institution authorized and regulated by the Commission de Surveillance du Secteur Financier of Luxembourg.

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 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 is valued at 775 million euros.