German banking app Vivid expands to Italy with business accounts for SMEs and professionals

Vivid grows in Italy by betting on companies. The German financial platform, which aims to integrate payments, savings and investments in a single solution, has announced the expansion of its offer in Italy with the launch of Vivid Business, the new account designed to simplify the management of finances for companies and professionals. Alongside the usual personal area of the Vivid app, used by over 500,000 customers across Europe, self-employed workers, start-ups and SMEs will now have a new area dedicated to business accounts.

Vivid Business allows you to open a business account in a matter of minutes, but also to have an unlimited number of sub-accounts and Visa cards (virtual, metal or recycled Pet) for your team. Each card can then be flexibly customised according to transaction categories, limiting payments for non-business-related activities, but allowing amounts of up to EUR 1 million (with a limit of EUR 100,000 for cards) for business expenses, such as online advertising costs. A transaction monitoring system, specially developed by Vivid, guarantees accounts against possible fraud attempts.

From the mobile app - which integrates both Google Pay and Apple Pay - it is possible to manage all team members, set limits or scan receipts, but for greater convenience business customers can also access a desktop version, with a similar design to the app to quickly navigate through the various functionalities. It is already possible to connect with Datev to synchronise accounting data, and integration with other accounting software is coming soon. Business customers can also count on a 24/7 support service.

In addition, Vivid offers interest on deposited sums (up to EUR 10 million) at 5% per annum for the first two months, and then up to 3.5% depending on the plan chosen. The funds are in any case available at all times, without any costs or constraints: in this way, Vivid's corporate customers can benefit from high interest on deposits, but also from immediate liquidity in case of need. By using the cards, it is also possible to obtain cashback of up to 6% on various types of spending.