Vivid Granted Investment Licence by the Dutch AFM

Vivid, the mobile banking and investment app, has received its investment licence from the Dutch Authority for the Financial Markets (AFM) via its Dutch entity Vivid Money B.V. The official permission to offer its own investment services is an important step for Vivid to become a financial Super App. It is the Berlin-headquartered company's first licence in its still young history. Vivid started in Germany in June 2020 with the vision of giving users a tool to make more of their own money and become financially independent.

"With the investment licence, we can now independently create the best investment products for our clients and bring them to market – combined with our banking services in one app. We are proud to take this first big step in our young company's history with one of Europe's most reputable financial supervisory authorities. From direct access to the global stock market to the custody of securities and cashback in real assets, obtaining the licence allows us to advance our mission even more independently," says Esmond Berkhout, CCRO and Executive Director of Vivid Money B.V. 

With this license, Vivid Money B.V. will be able to receive and transmit orders and hold clients' financial instruments in custody. The license also allows to provide clients with more products and services, including margin trading and general investment recommendations.