Vivid Money, an all-in-one financial app for sending, saving, spending, and investment, raises €60M Series B led by Greenoaks, at a €360M valuation
Romain Dillet / TechCrunch :
Context & Ripple Effects
Vivid Money's trajectory is a fast compounding one: six months after its Series A built around pockets — sub-accounts with their own IBANs — the Berlin-based startup has closed a €60M Series B led by returning backer Greenoaks, valuing it at €360M while stacking sending, saving, spending and investing into one app.
Greenoaks is making this a repeat pattern: the same firm led Payhawk's $112M Series B for an all-in-one business finance platform just months earlier, and would return again to lead Vivid's €100M round at a €775M valuation less than a year later.
First-order effects
- Greenoakes' follow-on from the Series A gives Vivid Money fresh capital to scale its four-pillar product set across Europe, with the valuation more than tripling on paper between rounds.
Second-order effects
- Single-purpose European consumer fintechs feel the squeeze: Bankin', which raised a Series B on algorithmic savings detection, and MoneyBox, focused on savings and investing, now compete against an app that bundles both functions alongside everyday banking.
Third-order effects
- If the pattern holds, European consumer fintech consolidates around the super-app model — one regulated entity cross-selling multiple financial products — with specialist apps forced to either broaden their stacks or sell into them, while backers like Greenoaks build paired consumer (Vivid) and business (Payhawk) bets on the same thesis.
The trend: European challenger banks are raising successive mega-rounds to bundle payments, savings and investing into single super apps, with Greenoaks emerging as the recurring backer of the category on both the consumer and business sides.