https://techcrunch.com/2022/02/07/vivid-money-a-financial-super-app-raises-114m-at-an-886m-valuation-to-expand-in-europe/

Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop shop “super app” that, in addition to basic checking and money management services, also includes stock and cryptocurrency investing. Now, as it gears up to add more services to its platform and expand across all of Europe, the startup has raised €100 million ($114 million), in a round of funding led by Greenoaks Capital, with Ribbit Capital and new backer SoftBank Vision Fund 2 also participating.

The funding values Vivd at €775 million ($886 milion at today’s rates). For some context, this is more than double the company’s valuation (€360 million) when it last raised money, a €60 million round in April 2021. Its user base also increased five-fold in that period, and its revenues grew 25x, the company said. Vivid doesn’t share the total amount deposited on its platform, or any details about transaction volumes, but Alexander Emeshev, Vivid’s co-founder, said it is on target to reach 1 million users by the end of this year.