A banking app that integrates payments, savings and investments in a single solution. This is the offer of Vivid, a German startup that lands in Italy after having collected over 100 thousand customers in less than a year in Germany, France and Spain.
The service focuses on a German bank account, based on the partnership with Solarisbank, which allows you to open multi-currency accounts, including a section dedicated to cryptocurrencies, and make investments through a digital deposit account with no minimum entry limits. It is possible to invest in a bouquet of international shares, even starting from a single cent, with the possibility of buying fractional shares.
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The investment section, Vivid Invest, is still stranded in regulatory issues, but will be operational shortly, by the end of April. For the moment, users can invest automatically through cashback, which allows savers to approach investments in a simple way. With the advantage, for now, of being protected from any losses.
The account is linked to a cashback program on the expenses made with the card at bars and restaurants as well as with some brand partners: the amounts set aside are automatically invested in a security previously chosen by the user among about forty European and American stocks. popular, with the guarantee of not falling below the invested level even in the event of losses, which the startup is directly responsible for.
The loss guarantee mechanism is not applied to the investments section, in which the customer can make their investments directly from the app, this time choosing from over a thousand of the most popular stocks on the European and American lists. Investments have no minimum limits and purchases are made without the imposition of commissions.