Recently, Vivid Money, a new challenger bank announced its launch in Germany with support from Berlin-based solarisBank and Visa. The Berlin-based company aims to help people to make more of their money by combining the all-in-one mobile-first approach with a full-service package.
Artem Yamanov, the co-founder of Vivid Money, said: “We are living in a time when people are receiving no or even negative interest rates for their deposits and high transactional costs. Even today, they are still suffering from poor service in banking and investing. With Vivid Money, we enable our customers to organise their financial life easily, securely, and in all its different facets – from spending to investing – all in one app and individually tailored to their needs. We want to educate our customers on how to grow their money, providing them with the right tools to save automatically. With Vivid Money, they have numerous options to grow their wealth without having to open a separate account or deposit account with different providers for each service. This way, they can easily start with stock trading and start to take control of their financial lives.”