German fintech startup Vibrant Money has actually raised a$17.6 million Series A financing round(EUR15 million). Ribbit Capital is leading the financial investment. Today’s financing round provides Vivid Cash an evaluation of$117 million(EUR100 million). Brilliant Money is rather a young start-up as the company began accepting consumers just a couple of months ago. Constructed on top of Solarisbank for the banking facilities, Vivid Cash is a challenger bank with a couple of cool features. When you sign up, you get a current
account and a metal debit card. You can control the card from the app– for example, you can lock and open it. It also operates in Apple Pay and Google Pay. Users can likewise create sub-accounts called pockets. Each pocket hasits own IBAN. You can welcome other users to particular pockets and you can associate your card with one pocket or another. You can purchase extra physical card for EUR20 per card, or get a virtual card for EUR1. The start-up also examines your transactions to determine your repeating memberships. This way, you can block future charges.
Vivid Cash users can likewise send money to other users from the app. They can likewise produce a link so that the recipient can enter their banking information. There are also some cashback features also with partner brand names. Quickly, you’ll be able to invest from the same app. You’ll have the ability to purchase shares and ETFs. There are two plans
— a complimentary plan and a premium subscription for EUR9.90 monthly. Prime users get greater limits on cashback, more ways to make cashback, higher limits on money withdrawals and a free virtual card. Today, Vivid Cash is just available in Germany. But the business has plans to expand
to other European countries. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.