Alexander Emeshev, co-founder and CEO of Vivid Money, commented on the partnership with Yapily and the new feature: “We’ve noticed over the last months that our customers wanted to have this feature to have a better experience using Vivid. So we wanted to satisfy this demand and are happy to roll out the top-up feature across all our markets – Germany, France, Italy and Spain. Thanks to our partnership with Yapily, we are now able to offer this feature. This is only the first step of a broader roll-out of various ways, topping-up Vivid users’ pockets. We aim to make banking easy for our customers.”
Leveraging Open Banking technology, Vivid has chosen to partner with infrastructure provider, Yapily, for its smooth and secure connectivity to our users' bank accounts across Europe. Thanks to their technology, Vivid can send payment instructions to the bank the customers choose to initiate the payment. Customers will then confirm it in their banking app. The benefits are that it is an easy way to top up their Vivid pockets using an awesome UX and all accounts will be saved for future top-ups.
Stefano Vaccino, Founder and CEO of Yapily, comments on the partnership with Vivid: “We are very excited about our partnership with Vivid. Open Banking has disrupted payments and we are seeing many innovative companies, like Vivid, embrace this technology to improve the experience and convenience for their users. We look forward to building and scaling a successful partnership together as we continue to focus on powering Vivid in further European markets.”
Vivid Money is the first financial platform that combines all daily needs around money in one app. Whether investing, banking or saving, Vivid offers a simple, flexible and transparent solution to help customers grow their wealth. The company aims to provide customers across Europe with an unparalleled investment and banking experience, offering a wide range of financial services without unnecessary fees. Just eight months after its launch in June 2020, over 100,000 customers are already using Vivid Money products in Germany, France and Spain. Vivid Money was founded in Berlin in 2019 by Artem Yamanov and Alexander Emeshev and is made up of an international, highly qualified team of more than 200 employees. The app, the customer service and the processes for the maintenance and further development of the app have been tested and awarded by TÜV-Süd. After only one year, Vivid Money has already raised over 100 million euros from renowned investors, including Ribbit Capital and Greenoaks Capital, and is valued at 360 million euros.
Yapily is an Open Banking infrastructure provider, allowing companies to seamlessly access financial data and initiate payments. Designed and built for Open Finance, Yapily enables better and fairer financial products for everyone.
The company has raised $18.4m in funding to date, and provides infrastructure for industry leaders including American Express, Intuit Quickbooks, Vivid, Moneyfarm and BUX. Headquartered in London, UK, Yapily employs over 90 people and continues to scale rapidly.
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Vivid Money GmbH acts as an outsourcing partner of Solarisbank AG for the provision of bank account services and debit card services. Further, Vivid Money GmbH offers the brokerage of transactions for the purchase and sale of financial instruments in the area of foreign exchange as a tied agent of Solarisbank AG.
Vivid Invest GmbH offers as tied agent of CM-Equity AG the brokerage of transactions on the purchase and sale of financial instruments with the exception of those in the area of foreign exchange brokered by Vivid Money GmbH.