🏆 Deal of the Week · CW 6/2022
Vivid Money raised EUR 100 million in a Series C round at a valuation of USD 675 million in February 2022. The round was led by Greenoaks, with participation from existing investors Ribbit Capital and SoftBank Vision Fund. The capital was earmarked to accelerate Vivid Money's expansion across European markets.
Vivid Money — key deal facts
| Company | Vivid Money |
| Founded | 2020 |
| Headquarters | Berlin, Germany |
| Amount raised | EUR 100M |
| Valuation | USD 675M |
| Round | Series C |
| Investors | Greenoaks (https://www.greenoaks.com/) Ribbit Capital (https://ribbitcap.com/) SoftBank Vision Fund (https://visionfund.com/) |
| Sectors | Financial Services |
Who invested in Vivid Money?
The round brought together Greenoaks, Ribbit Capital, and SoftBank Vision Fund. This investor combination is notable: Greenoaks is a growth-focused technology investor, Ribbit Capital specialises exclusively in fintech, and SoftBank Vision Fund is one of the largest technology-focused investment vehicles globally. The presence of all three signals strong institutional conviction in Vivid Money's super-app model.
What does Vivid Money do?
Vivid Money is a Berlin-based fintech founded in 2020 that operates as an all-in-one financial super app. Its personal product offers multi-currency Pockets, virtual and physical cards, cashback rewards, stock and cryptocurrency investing, and a high-interest savings account. Its business product, Vivid Business, provides multi-IBAN accounts, team cards, and accounting integrations tailored to SMEs and freelancers. The company had grown to over 500,000 customers at the time of the round.
Vivid Money valuation & multiples
No existing multiples analysis was provided for this deal. Comparable fintech platforms are typically benchmarked on EV/Revenue multiples; readers seeking relevant sector benchmarks for Financial Services are encouraged to consult the Venionaire DealMatrix sector multiples pages for up-to-date EV/Sales and EV/EBITDA ranges.
Explore the benchmarks: Series C.
Frequently asked questions
How much did Vivid Money raise in its Series C?
Vivid Money raised EUR 100 million in its Series C round in February 2022.
What is Vivid Money's valuation?
Vivid Money was valued at USD 675 million at the time of its Series C round.
Who invested in Vivid Money?
The Series C was led by Greenoaks, with Ribbit Capital and SoftBank Vision Fund also participating.
When was Vivid Money founded and where is it based?
Vivid Money was founded in 2020 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.