Vivid Money Expands Financial Services Portfolio with Treasury Management Capabilities
Berlin, Germany – Vivid Money, a leading German fintech company, has announced the acquisition of a treasury solution from Pile, a Hamburg-based fintech startup. The acquisition will enable Vivid Money to expand its financial services portfolio and offer its customers a comprehensive suite of treasury management capabilities.
Seamless Integration for Enhanced Financial Management
The integration of Pile’s treasury solution will provide Vivid Money’s customers with the following benefits:
- Real-time cash visibility: Consolidated view of all cash positions across multiple accounts
- Automated cash flow forecasting: Improved financial planning and decision-making
- Efficient liquidity management: Optimization of cash flow and reduction of interest costs
- Streamlined bank relationships: Single point of contact for all treasury operations
Partnership for Innovation and Growth
The acquisition marks a significant milestone in the partnership between Vivid Money and Pile. Both companies share a vision of providing innovative financial solutions to their customers. By combining their expertise, they aim to revolutionize the way businesses manage their finances.
Quote from Vivid Money CEO
We are thrilled to welcome Pile’s treasury solution into the Vivid Money family, said Vivid Money CEO Alexander Emeshev. This acquisition will enable us to offer our customers a comprehensive suite of financial services that will help them grow their businesses. We believe that the combination of Pile’s expertise and our customer-centric approach will create a powerful offering in the fintech market.
About Vivid Money
Vivid Money is a mobile-first banking and investment platform that provides its customers with a wide range of financial products and services. The company has over 1 million customers across Europe and is backed by leading investors such as Ribbit Capital, Greenoaks Capital, and Index Ventures.
About Pile
Pile is a fintech startup that provides treasury management solutions to businesses of all sizes. The company’s platform offers a suite of tools to help businesses manage their cash flow, automate their treasury operations, and optimize their financial performance.
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