The London and Cambridge Technology team, together with the Frankfurt team, advised Ribbit Capital on the completion of its investment into Vivid Money as a part of a total 15 million Euro Series A financing for expansion and product development, reaching a valuation of 100 million Euro.
Ribbit Capital is a Silicon Valley-based venture capital firm that invests globally in unique individuals and brands who aim to disrupt the financial services industry. Founded in 2012, Ribbit targets disruptive, early stage companies that leverage technology to reimagine and reinvent what financial services can be for people and businesses. Ribbit invests primarily in the US, Europe, Latin America, and Asia.
Vivid Money launched its financial platform in 2020 in Germany, offering a single-app solution that erases borders between banking and investments. Vivid Money strives to help clients throughout Europe to save more with an outstanding user experience and financial education for making sound investment decisions. In addition to its expansion plans, the startup wants to use the new financing to be able to offer a complete investment product within the app for users in the near future.
Additional details on the investment can be found here.