OREANDA-NEWS. Ex-top managers of Tinkoff Bank launched a mobile application and a card for managing personal finances through a smartphone in Europe.

In the near future, investment products will also appear in the application. TCS Group (the parent company of Tinkoff Bank and Tinkoff Insurance) is the main investor in the project. This is stated in the message of the European company, received by the Russian media. Vivid Money service was launched in Germany in partnership with the German SolarisBank, which provides its licensed platform for online banking, and the international payment system Visa. The company also plans to enter other European markets this year.

TCS Group is the main investor in the project. The fact that Oleg Tinkov’s group plans to invest € 25 million in the creation of a fintech company in Europe, it became known in February this year, the group did not exclude additional investments in the future.