Payments, cards and accounts
Vivid Money S.A., an Electronic Money Institution incorporated and authorized in Luxembourg, provides the electronic money accounts available via the Vivid Money App, issues payment cards to you and provides payment services related to your card and the account, such as credit transfers and direct debits.
Invest and Crypto
The investment and crypto services, including the Crypto, Crypto Earn, Invest and Interest products, are offered by Vivid Money B.V., which is licensed as an investment firm by the Dutch Authority for Financial Markets (AFM) to receive and transmit orders in financial instruments, such as stocks and ETFs, of its customers to selected executing brokers and to provide certain ancillary services. These executing brokers will in turn be responsible for executing such orders they have received from Vivid Money B.V. to the relevant stock exchanges or other trading venues. You can place your orders for financial instruments in the Invest Pocket or money market funds in the Interest Rate Pocket. Any proceeds received from sell orders will go to your Invest Cash Pocket or Interest Rate Cash Pocket, which is also provided by Vivid Money B.V.
Vivid Money B.V. is also a licensed Crypto-Asset Service Provider (CASP) under the Market in Crypto-Assets Regulation (MiCAR) and supervised by the Dutch AFM.
The app and marketing offers
Vivid Money GmbH is mainly an outsourcing service provider to Vivid Money S.A. and Vivid Money B.V, but it also provides - in its own name - your cashback program and the mobile application itself, as well as any other services on the app that are not directly related to one of the services mentioned here, such as the Shopper tab and the Invite a Friend programme and other marketing initiatives. Vivid Money GmbH also participated in the migration of the legacy Solaris accounts. Vivid Money GmbH doesn’t provide bank or payment accounts, nor payment or investment services in its own name.