Berlin-based Vivid Money, a financial super app and challenger bank with 500K customers, raises €100M led by Greenoaks at a €775M valuation to expand in Europe
Vivid Money, a challenger bank out of Berlin with 500,000 customers, has made a name for itself with a financial one-stop-shop …
Context & Ripple Effects
This round is a steep step up an unusually fast ladder: Vivid Money went from a $17.6M Series A in late 2020 for its pockets feature with per-account IBANs, to a €60M Series B at a €360M valuation in April 2021, to today's €100M at €775M — more than doubling its price in under a year.
Greenoaks led both of the last two rounds, so this is a repeat backer pressing its position rather than a new bet, and it lands in a Berlin fintech cluster that already produced infrastructure players like Upvest and lending marketplace smava.
First-order effects
- Greenoaks now has roughly twice its money working in Vivid Money at double the prior price, and the fresh €100M goes directly into a European expansion for a bank still small at 500K customers.
Second-order effects
- Expanding across Europe puts Vivid Money head-to-head with the larger consumer fintechs that already rely on Berlin-built rails — Upvest supplies trading APIs to N26 and Revolut — so super-app challengers become both competitors and customers of the same infrastructure layer.
Third-order effects
- If the pattern holds, consumer fintech consolidates around all-in-one apps that bundle sending, saving, spending, and investing, while specialized providers like Upvest capture the trading and banking plumbing underneath — Berlin emerging as a hub for both layers.
The trend: Challenger banks are raising progressively larger rounds on shortening timelines to build financial super apps, with specialist API providers supplying the investing and banking rails beneath them.