Vivid Money is the name of the new neobank that has just arrived on the French banking market. Straight from Germany, the fintech offers a banking offer at an affordable price, complete with an attractive cashback service. It’s enough to make some mobile banking pioneers pale. Selectra goes into more detail in this news.
| Bank type | Neobank |
|---|---|
| Date of performance | 2019 |
| Rate |
|
| Bank account | Multi-currency account |
| cash back | to 10% |
| More information | Vivid Money website |
A new neobank in the French market
The French banking scene has just expanded with the arrival of Vivid Money, a new neobank determined to take over France. This German mobile bank used to be made in 2019 by Artem Yamanov and Alexander Emeshev and launched its offer in Germany in June 2020.
Since then, the goal of fintech has been big, with the first series A fundraising of 17.6 million dollars (about 15 million euros), which was held in Germany at the beginning of November. A whirlwind start since the start has employed more than 180 people sent to Berlin, Amsterdam and Moscow. neobank is also supported by the Russian group Tinkoff Bank, an online bank created in 1994. Today, Berlin FinTech has a value of around 100 million euros.
So Vivid Money comes to walk the beds of one of the most famous neobanks: N26. A major competitor for the now famous German neobank, which does not skimp on ways to try to impose itself against this giant of the mobile banking market. For this, Vivid Money stands with more aggressive prices than its competitors, and a cashback offer that generously rewards its customers.
Neobanks in the French market Offers, prices, opinions of Selectra experts, discover our comparison of neobanks.
The Vivid Money offer in more detail
The Vivid Money offer includes a multi-currency bank account, a bank card and a cashback offer, more or less extensive depending on the formula chosen. Like all mobile banks, the account can be controlled through a mobile application, and the Vivid Money service compatible with Apple Pay and Google Pay.
Vivid Money is also allowed create sub-accounts, which they call “pockets”. These sub-accounts can also be shared, just like the shared spaces of N26 neobank. Each sub-account has its own IBAN.
So Vivid Money offers 2 formulas :
- Clear Pattern : free plan
- Clear Prime : €9.90/month (the first 3 months are free)
| Parts | Clear Pattern More information |
Clear Money More information |
|---|---|---|
| Rate | 0€/month | 9.90 € / month (first 3 months free) |
| Bank card | Ultra-secure metal card | |
| Money | to 40 currencies in free separate Pockets | to 107 currencies in free separate Pockets |
| International payments | There is no charge | There is no charge |
| Cashback in the Champion program | ||
| Another cashback | Cashback on selected popular brands | Cashback on:
|
What differentiates the two offerings Vivid Money above all other cashback services. If the Vivid Standard offer offers a simple cashback on a selection of popular brandsthe Vivid Prime offer allows you to benefit from a cashback service up to 10% more broadly, including in particular purchases made outside Europe.
In both cases, Vivid Money bet on a choice of many products and brands that consumers value such as Sephora, Nocibe, Bio c’bon, Biocoop, LIDL, ALDI, Franprix or Monoprix, but also SNCF, FlixBus, Voi in Bordeaux and Marseille, Tier in Bordeaux, Lyon and Paris, and the brands Netflix, Nintendo, Spotify and PlayStation.
Review by Selectra Although Vivid Money is still a young neobank, it nevertheless offers a competitive offer, which is likely to shake off its main competitor: N26. Very attractive prices, ultra-developed cashback offer for the paid version, free international paymentsneobank Vivid Money has serious arguments to convince fans of cashback and affordable banking services.