Vivid launches business banking for freelancers

September 26, 2022
  • Private and business finances in one app – transfer money in realtime via drag&drop between Pockets
  • Black "Platinum Business" VISA card with up to 4 percent cashback
  • Kick-off for many more functions from accounting to DATEV connection
  • Vivid invites the community to form Vivid Business together

Berlin, September 26, 2022 – The mobile banking app Vivid expands its product offering to include business banking for freelancers and self-employed people. With the popular Pocket structure, Vivid business customers have access to Business Pockets in addition to the regular Pockets. This way, freelancers can organise both their private and business finances in one app. Vivid Business was created and further developed together with freelancers in order to tailor the products closely to the needs of the self-employed. In cooperation with the European banking-as-a-service technology platform Solaris, the business product is now available for all customers in Germany who are self-employed on a full-time or part-time basis.

"No more either or - the Vivid app will be the first banking app in Germany to combine the private and business worlds of finance in one application," says Daniel Ibrahim, Head of Product - Vivid Business. "Vivid Business is not only intended to support full-time freelancers with their business finances. From selling one's own hobby photographs to online yoga classes in the evenings - more and more Germans are pursuing a second job alongside their permanent employment and more than a third (1) of them are pursuing a self-employed passion that is already turning a profit. We want to simplify the supposedly difficult path to self-employment, whether part-time or full-time. Self-employed people should be able to focus on their passion and manage their finances as easy as possible: That's what we mean by work-finance balance."

Business Pockets and exclusive “Platinum Business” VISA Card
The popular Pocket structure, sub-accounts with their own IBAN, is also used for Vivid Business. In up to 15 free Business Pockets, self-employed and freelancers can organise their income and expenses - from taxes to daily business expenses to reserves. By organising their business and private finances jointly, Vivid Business customers can move their earnings to private Pockets in real-time and pay for new business purchases directly via a Business Pocket.

In addition to the new Business Pockets, Vivid Business customers receive an exclusive black "Platinum Business" Vivid Card from VISA. The Vivid Business card offers increased cashback compared to the regular consumer product. Business customers with the free "Vivid Standard" receive 1 percent cashback on all card payments, while Vivid Prime customers earn 2 percent cashback per card payment with their Business Card. With the customer-referral programme, they can double their cashback to up to 4 percent on every card payment. Those who already have a Prime membership for 9.90 euros per month do not need an additional Prime subscription for Vivid Business. The benefits apply to both private and business use.

Features at a glance

  • Exclusive black "Platinum Business" VISA card
  • Up to 15 free Business Pockets - each with own unique DE-IBAN
  • Up to 4 percent on every card payment
  • Up to 10 percent cashback on brands popular with freelancers like Fiverr Business and HP
  • Unlimited free SEPA transfers and direct debits
  • Free for all and no additional Vivid Prime subscription required
  • For international transactions: change money in over 100 foreign currencies
  • Deposit Guarantee Scheme up to €100,000

Created together with the Vivid community
Vivid Business was built closely with freelancers and self-employed people from the Vivid community.

Ibrahim explains: "Together with our existing freelancer community, we have now laid the foundation. This is just the kick-off for many further functions, such as invoicing directly via the app or even a DATEV connection. We will hold regular feature discussions and brainstorming workshops with the growing community in order to tailor the product precisely to our customers.”


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 banking 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 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.

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