Former Tinkoff Bank top managers reverse launch rival


The new service allows you to open accounts, transfer funds, invest in shares and change currency without commission.


Former top managers of the famous Russian Neobank Tinkf Bank launched the Vivid Money FinTech service in Germany, which allows you to open accounts, transfer and pay, invest in shares and change currency at no charge. TCS Group became the main investor of the project – the investment amounting to 25 million euros.

Vivid Money Service allows you to open bank accounts, create virtual cards for secure shopping in online stores, transfer money and change currency at an exchange rate at no charge, make contactless payments, get cashback and analytics about expenses and savings Allows. In the near future, investment products will also appear in the application. Through the application, it will be possible to invest in American or European companies, as well as in stock investment funds.

Fintech-service Vivid Money was launched by Artyom Yamanov and Alexander Emeshev, former top managers at Tinkoff Bank. The service was launched in Germany in partnership with the German Solarisbank, which provides its license for online banking and international payment system Visa.

Note that on Instagram, TCS founder Oleg Tinkov wrote that Yamanov would “kick” Revolt Nikolai Perstorsky, the creator of the fintech company.

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Under the influence of Coronacris, many companies were on the verge of bankruptcy. Rumors of the collapse of both British digital banks Revolut and Monzo. However, despite positions on financial problems, Revolut announced the project’s entry into the US market.

Read: Ulte launches a licensed bank in one of the European countries: what it will give to customers

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