Vivid Money raises $17.6 million for its European challenger bank

German fintech  startup Vivid Money has raised a $17.6 million Series A funding round (€15 million). Ribbit Capital is leading the investment. Today’s funding round gives Vivid  Money a valuation of $117 million (€100 million), TechCrunch reports.

Vivid Money is quite a young startup as the company started accepting customers just a few months ago. Built on top of Solarisbank for the banking infrastructure, Vivid Money is a challenger bank with a few nifty features.

When you sign up, you get a current account and a metal debit card. You can control the card from the app — for instance, you can lock and unlock it. It also works in Apple Pay and Google Pay.

Read more: TechCrunch