Vivid, a Berlin-based mobile finance platform, has acquired Luxembourg-based fintech Joompay.
The acquisition includes Joom's E-Money Licence, enabling Vivid to expand to all EU countries.
Vivid will integrate Joompay's technology to develop future products and services.
Joompay's team of 25 and over 500,000 customers across Europe will join Vivid.
The acquisition marks a significant step in Vivid's mission to offer transparent financial solutions in Europe.

Vivid is a mobile banking platform offering high-yield savings, investment opportunities in shares and ETFs, and unique cashback incentives. Customers can manage funds in different 'pockets,' catering to savings or currency needs, and even share these with others. Security is paramount, with biometric safeguards and a card that keeps critical information off the physical card and instead in a secure app. Investments are protected up to €20,000, and deposits are guaranteed up to €100,000 through the respective Dutch and German schemes. Vivid partners with Solaris SE, ensuring regulatory compliance and reliability for its user's financial activities.

Vivid

Vivid provides mobile banking, cashback, investment, and secure payment services.

Vivid Acquires Joompay to Expand in EU

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