Financial institution Vivid Money introduces Treasury, a service tailored for small and medium-sized enterprises (SMEs) and start-ups, offering corporate banking solutions.
In a significant move, European financial platform Vivid Money has launched a new Treasury offering for businesses, aiming to provide a central application for payments, investments, and treasury management. Founded in 2019 in Berlin by Alexander Emeshev and Artem Iamanov, Vivid Money now serves customers throughout Europe and has offices in seven countries.
The Treasury account, available to all Vivid Money customers across all tariffs, allows companies to manage their capital and invest in a variety of financial instruments. This includes iBonds, ETFs, money market funds, stocks, and crypto assets. iBonds offer predictable yields with individually selectable maturities, while money market funds, expected to be available soon, can be accessed without the usual €500,000 entry hurdle.
Investments through the Treasury account are subject to risks, with no guarantee of the preservation of the invested capital. Details on fees and functionality of the Treasury account can be found on the Vivid Money platform. The account can be activated directly in the Vivid Money app by entering the tax ID and LEI code.
Vivid Money B.V., part of the Vivid Group, is a licensed securities institution and crypto-asset service provider under the supervision of the Dutch financial authority AFM. The company claims to be the first provider in Europe to bring this range of professional treasury tools specifically for SMEs and freelancers.
In addition to the Treasury account, Vivid Money has planned product innovations such as point-of-sale terminals, AI-powered assistance systems, and extensions in the areas of taxes and accounting. The platform is supported by Greenoaks Capital and DST Global Partners.
The goal of the Treasury account is to fill a gap by providing small businesses with a user-friendly solution that does not require complex setups or high entry barriers. With this offering, Vivid Money continues to build a comprehensive all-in-one platform for SMEs and freelancers, making financial management more accessible and efficient.
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