Vivid.money Review

Based on checking the website, Vivid.money presents itself as a comprehensive financial platform offering business and personal accounts with a suite of features. However, a strict review from an ethical standpoint, particularly concerning Islamic principles, reveals significant red flags. The platform’s promotion of interest-based accounts, loans, and cryptocurrency directly contradicts the prohibition of Riba interest and speculative financial instruments in Islam. This alone makes Vivid.money an unsuitable and impermissible option for Muslims seeking ethically compliant financial services.

Here’s an overall review summary:

• Overall Recommendation: Not recommended due to the presence of interest-based financial products and cryptocurrency offerings.
• Key Features: Business accounts, personal accounts, interest accounts, loans, cashback, invoicing, bookkeeping, business travel tools, crypto earn accounts.
• Ethical Compliance Islamic Perspective: Fails significantly due to explicit promotion of Riba interest and engagement in cryptocurrency, which often involves elements of speculation and uncertainty gharar.
• Security Measures: Claims funds are safely stored and overseen by European financial authorities CSSF, CONSOB, AFM, with segregation of client funds and GDPR compliance.
• Transparency: Provides detailed pricing plans for different tiers Free Start, Basic, Pro and links to Trustpilot reviews.
• Missing from a Trusted Website Perspective: While they list regulatory bodies, the immediate visibility of comprehensive legal disclaimers, detailed sharia compliance audits which would be necessary given their offerings, and more explicit risk disclosures regarding crypto and interest-bearing products are not as prominent as one might expect for full trustworthiness.

While Vivid.money highlights ease of use, high interest rates, and various business tools, these very aspects, specifically the “Interest Account” offering 4% fixed annual interest and loans up to €250,000, alongside “Crypto Earn Account” promising up to 7% APY on crypto assets, make it fundamentally incompatible with Islamic finance. The core tenet of avoiding Riba interest is paramount, and involvement in speculative crypto assets can also be problematic. For Muslims, engaging with such platforms can lead to financial dealings that are considered impermissible, bringing negative spiritual and ethical outcomes. Instead of pursuing such services, it is crucial to seek out genuinely halal and ethical financial alternatives that operate on principles of profit-sharing, asset-backed transactions, and avoidance of uncertainty and speculation.

Best Ethical Financial Alternatives General Financial Management & Business Tools, excluding direct banking if interest is involved:

• Wave Accounting:
  • Key Features: Free accounting software for small businesses, invoicing, receipt scanning, and basic financial reporting. Integrates with bank accounts for transaction tracking.
  • Average Price: Free for core accounting, invoicing, and receipt scanning. Payment processing and payroll services have fees.
  • Pros: Excellent for startups and small businesses due to its free tier, user-friendly interface, and comprehensive basic accounting features.
  • Cons: Limited advanced features compared to paid solutions, customer support can be slower for free users.
• Zoho Books:
  • Key Features: Comprehensive accounting software with invoicing, expense tracking, inventory management, project billing, and robust reporting.
  • Average Price: Starts around $15/month for the basic plan, with higher tiers offering more features. Free plan available for businesses with revenue under $50K.
  • Pros: Scalable, strong integration with other Zoho apps, excellent for growing businesses needing more than just basic accounting.
  • Cons: Can have a steeper learning curve for new users due to its extensive features, some advanced features might require higher-tier plans.
• FreshBooks:
  • Key Features: Cloud-based accounting software primarily focused on invoicing for freelancers and small businesses. Includes expense tracking, time tracking, and client management.
  • Average Price: Plans start around $15/month.
  • Pros: Intuitive and easy to use, excellent for service-based businesses, strong invoicing and time-tracking capabilities.
  • Cons: Less robust inventory management compared to other platforms, might be less suitable for product-based businesses.
• QuickBooks Self-Employed:
  • Key Features: Designed specifically for freelancers and independent contractors to track income, expenses, mileage, and tax deductions.
  • Average Price: Around $15/month, often with promotional discounts.
  • Pros: Simplifies tax preparation for self-employed individuals, easy to categorize transactions and track business mileage.
  • Cons: Not suitable for businesses with employees or complex accounting needs, less comprehensive than full QuickBooks versions.
• Xero:
  • Key Features: Cloud-based accounting software for small to medium-sized businesses, offering invoicing, payroll integration, bank reconciliation, and robust reporting.
  • Average Price: Starts around $13/month for the basic plan.
  • Pros: Modern interface, strong bank reconciliation features, extensive app marketplace for integrations.
  • Cons: Payroll features are an add-on in some regions, can be slightly more expensive than some basic alternatives.
• GnuCash:
  • Key Features: Free, open-source personal and small-business financial accounting software, offering double-entry accounting, reports, and investment tracking.
  • Average Price: Free.
  • Pros: Powerful double-entry accounting, suitable for users who prefer desktop software and have some accounting knowledge, highly customizable.
  • Cons: Requires manual data entry, less user-friendly for beginners compared to cloud-based solutions, no direct bank integration.
• Mint:
  • Key Features: Primarily a personal finance tracker that allows users to link all their bank accounts, credit cards, investments, and loans to see a consolidated view of their finances.
  • Average Price: Free ad-supported.
  • Pros: Excellent for budgeting and tracking spending across multiple accounts, good visual tools for financial overview.
  • Cons: Not designed for business accounting, focuses more on personal budgeting and less on comprehensive financial reporting.

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Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Vivid.money Review & Initial Impressions

Based on looking at the website, Vivid.money positions itself as a modern financial platform aiming to simplify business and personal finance.

The homepage highlights a range of features, from business accounts with multiple IBANs to “Interest Accounts” and “Crypto Earn Accounts.” The initial impression is one of a sleek, digitally-focused financial service provider.

Unpacking the Core Offerings

The website emphasizes “smooth online registration” and a promise to enable businesses to “start thriving.” This suggests a focus on accessibility and growth for entrepreneurs and freelancers.

They tout several awards like “Best Business Account 2025” from Finanzfluss.de and “Top Mobile Banking 2025” from Handelsblatt.com, attempting to build credibility through external validation.

The Immediate Red Flags: Interest and Crypto

Despite the polished presentation, the prominent mention of “Interest Account” offering “4% fixed annual interest” and “Financing” loans up to €250,000 are immediate and undeniable indicators of Riba interest-based dealings. Furthermore, the “Crypto Earn Account,” which promises “up to 7% Annual Percentage Yield on selected crypto assets,” also raises concerns.

While some argue certain cryptocurrencies might be permissible, earning interest APY on them or engaging in highly speculative digital assets fundamentally clashes with Islamic financial principles, which prohibit interest and emphasize tangible asset-backed transactions and avoidance of excessive speculation gharar.

Vivid.money Features: A Closer Look at the Impermissible

While Vivid.money offers a broad array of functionalities, it’s crucial to dissect them through an ethical lens.

Many of its core features, particularly those touted as competitive advantages, involve impermissible elements.

Interest Accounts: The Foundation of Riba

The “Interest Account” is a cornerstone of Vivid.money’s offering, promising fixed annual interest rates on uninvested cash. Printclever.com Review

For example, they advertise a 4% fixed annual interest rate in the first month and 3% in the second month.

This explicit interest earning mechanism is unequivocally Riba, which is strictly forbidden in Islamic finance.

This is not merely a minor aspect but a central component of how clients’ money is intended to “grow effortlessly.”

Loans and Financing: Another Facet of Riba

The platform openly states, “Apply for a loan of up to €250.000 to fulfill all your project needs.

Fully online and hassle-free with a trusted partner.” While the terms aren’t fully disclosed on the homepage, the very concept of a conventional loan in a modern banking context almost invariably involves interest, whether explicitly stated as such or hidden within various fees.

This further solidifies its non-compliance with Islamic principles regarding interest.

Crypto Earn Accounts: Navigating the Ethical Minefield

The “Crypto Earn Account” is another feature that presents significant ethical challenges.

Earning an “Annual Percentage Yield APY” on crypto assets usually implies a lending or staking mechanism where a return is generated from holding or lending digital assets, often involving interest or highly speculative ventures.

The volatile and often unregulated nature of many cryptocurrencies also introduces extreme uncertainty gharar and potential for exploitation, making them problematic from an Islamic perspective.

The lack of clarity on how these returns are generated and the inherent risks involved make this feature ethically unsound for Muslims. Lootbar.gg Review

Cashback and Business Tools: Potential Positives, but Contaminated Source

Vivid.money also offers features like “Cards & Cashback” with up to 10% monthly cashback on purchases, invoicing, bookkeeping, and integrations with accounting tools.

While these operational features themselves might not be inherently impermissible, they are offered within a financial ecosystem built upon interest and potentially speculative assets.

For Muslims, deriving benefit from a system fundamentally based on Riba renders the entire engagement problematic.

It’s akin to having halal food served in a place where the primary business is impermissible.

Vivid.money Cons: Why It’s Not a Viable Option

From an ethical and Islamic perspective, Vivid.money presents significant drawbacks that make it an unsuitable financial solution.

These cons stem directly from its core offerings and operational models.

Direct Violation of Riba Prohibition

The most significant con is the explicit promotion and facilitation of Riba interest. Features like “Interest Account” and conventional “Financing” loans are central to Vivid.money’s value proposition.

In Islam, Riba is strictly prohibited due to its exploitative nature and negative societal impacts, including wealth concentration and economic instability.

Engaging with a platform that actively uses and promotes interest undermines a fundamental principle of Islamic finance. Somnox.com Review

Involvement in Speculative Financial Products

The “Crypto Earn Account” is another major concern.

While the permissibility of cryptocurrencies themselves is a complex debate among Islamic scholars, earning an “Annual Percentage Yield” APY on them often involves lending, staking, or other mechanisms that can resemble interest or involve excessive speculation gharar. The volatile nature of crypto markets also presents extreme uncertainty and risk, which Islamic finance seeks to mitigate.

Lack of Sharia Compliance

Unlike dedicated Islamic financial institutions, Vivid.money makes no claim or effort towards Sharia compliance.

There is no mention of Sharia boards, ethical screenings, or adherence to Islamic finance principles.

This absence is critical for Muslim users who need assurance that their financial transactions align with their faith.

The implicit operational model is based on conventional finance, which is incompatible with Islamic ethics.

Risk of Indirect Involvement in Impermissible Activities

Even if a user were to try and cherry-pick services within Vivid.money, the interwoven nature of its offerings means that revenue generated by the platform likely comes from interest-based activities.

By being a customer, one is indirectly supporting an ecosystem that operates on principles contrary to Islamic teachings.

It becomes exceedingly difficult to purify one’s financial dealings when operating within such a framework.

Limited Geographical Scope for Ethical Alternatives

While the website mentions European financial authorities, the direct availability of truly Islamic financial alternatives might be limited in some regions, pushing individuals towards conventional options. Hotelvalue.com Review

However, this scarcity does not justify engaging in impermissible transactions when suitable alternatives, even if they require more effort to find, exist in other forms e.g., ethical investment platforms, halal business funding models, or self-financing.

Ethical Financial Alternatives for Businesses

For businesses and individuals seeking financial solutions that align with ethical principles, especially Islamic finance, it’s crucial to look beyond conventional models that rely on interest and speculation.

The focus should be on asset-backed financing, profit-sharing, and transparent, risk-sharing partnerships.

Halal Investment Platforms

Instead of interest-bearing accounts or speculative crypto earnings, ethical investment platforms focus on Sharia-compliant investments.

These platforms typically screen investments to ensure they are free from Riba, gambling, alcohol, pork, entertainment, and other impermissible sectors.

They often invest in real assets, ethical equities, or Sukuk Islamic bonds.

• Key Principles: Avoiding interest, investing in ethical sectors, risk-sharing, tangible asset involvement.
• Benefits: Alignment with values, potential for long-term growth from ethical sources, supporting responsible businesses.
• Examples: Some global platforms are emerging that offer Sharia-compliant equity portfolios or real estate investments. However, local availability varies greatly. For businesses, this means investing surplus capital ethically rather than in interest-bearing accounts.

Islamic Financing Models Musharakah, Mudarabah, Murabahah

For business financing, Islamic models offer alternatives to conventional loans:

• Musharakah Partnership: A joint venture where both parties contribute capital and share profits and losses. This embodies true risk-sharing.
• Mudarabah Profit-Sharing: One party provides capital, and the other provides expertise and labor, with profits shared according to a pre-agreed ratio. Losses are borne by the capital provider, unless due to negligence by the entrepreneur.
• Murabahah Cost-Plus Financing: Not a loan, but a sale transaction where the financier buys an asset and then sells it to the client at a higher, agreed-upon price cost + declared profit. This avoids interest by structuring it as a trade.
• Benefits: Avoids interest, promotes equitable risk-sharing, encourages responsible business practices.
• Challenges: May require more detailed contracts and due diligence than conventional loans, availability of such institutions can be geographically limited.

Crowdfunding for Businesses Ethical Models

Ethical crowdfunding platforms can serve as a viable alternative for businesses seeking capital without resorting to interest-based loans. These platforms might facilitate:

• Equity Crowdfunding: Investors receive shares in the business in exchange for funding, sharing in future profits and losses.
• Revenue-Sharing Crowdfunding: Investors receive a percentage of the company’s future revenue until a certain return multiple is achieved, without a fixed interest rate.
• Asset-Backed Crowdfunding: Funding tied to tangible assets or specific projects, ensuring a real economic basis for the investment.
• Benefits: Access to capital from a broad base of investors, community support, avoids debt in many cases.
• Considerations: Requires strong business plans and transparency, success depends on appealing to a large number of small investors.

Barter and Direct Exchange

In some business contexts, especially for small businesses or collaborations, direct exchange of goods or services barter can reduce the need for monetary transactions and hence involvement in interest-based banking systems. Computerkeys.xyz Review

While not a complete banking alternative, it’s an important principle of direct, value-based exchange that aligns with ethical trade.

Utilizing Non-Interest-Bearing Accounts

For day-to-day operations, businesses can utilize current accounts at conventional banks that do not pay or charge interest.

While this doesn’t solve the financing aspect, it allows for transactional banking without directly engaging in Riba through deposits.

How to Navigate Financial Services Ethically

For services like Vivid.money, which explicitly offer interest-bearing accounts and loans, the path is clear: avoid them.

Understanding the Nuances of Riba

Riba is not merely excessive interest but includes any predetermined, positive return on a loan of money, regardless of the amount.

This applies to both the interest earned on savings accounts and the interest charged on loans. Even small percentages fall under this prohibition.

This is why platforms like Vivid.money, with their “Interest Account” and “Financing” options, are problematic.

The Dangers of Gharar Excessive Uncertainty

Beyond Riba, Islamic finance also prohibits Gharar, or excessive uncertainty, in contracts.

This often applies to highly speculative investments where the outcome is unclear or the risk is disproportionately high. I-to-i.com Review

Cryptocurrencies, particularly those with unstable valuations or complex underlying mechanisms for generating returns like the “Crypto Earn Account”, can fall into this category.

It’s not just about what is offered, but how it is structured.

Seeking Transparent and Asset-Backed Transactions

The ethical approach emphasizes transactions that are transparent, involve real economic activity, and are backed by tangible assets.

This stands in stark contrast to financial instruments that create money from money without a productive economic basis.

For businesses, this means seeking funding through partnerships, equity investments, or asset-based sales, rather than conventional loans.

Due Diligence and Expert Consultation

For any financial service, it’s crucial to perform thorough due diligence. This includes:

• Reading terms and conditions carefully: Look for explicit mentions of interest rates, fees, and how returns are generated.
• Understanding the underlying assets: If investing, know exactly what your money is being invested in and how those assets generate returns.
• Consulting Islamic scholars: If uncertain about the permissibility of a particular financial product or service, seek guidance from knowledgeable Islamic finance scholars.
• Checking for Sharia certification: Some ethical financial products are certified by Sharia boards, which can provide an additional layer of assurance.

The Importance of Intention and Outcome

In Islamic ethics, both the intention behind an action and its outcome are important.

While a business might genuinely need funding, the means by which that funding is acquired must be permissible.

Engaging in interest-based transactions, even with good intentions, still leads to an impermissible outcome.

The long-term societal and individual harms of Riba are emphasized in Islamic teachings, making it a grave matter. Ceptrum.net Review

Vivid.money Supported Countries and Ethical Considerations

While Vivid.money’s website doesn’t explicitly list all supported countries on its homepage, it highlights regulation by authorities in Luxembourg, Italy, and the Netherlands CSSF, CONSOB, AFM. This suggests a primary focus on the European market.

For users in these and other potential operating regions, the ethical considerations remain paramount, irrespective of geographical reach.

Regional Differences in Financial Regulation

Financial regulations vary significantly by country.

While Vivid.money emphasizes its compliance with European financial authorities, this compliance pertains to conventional financial laws, not Islamic ethical guidelines.

For Muslims, the presence of regulation does not automatically equate to permissibility.

A service might be legally sound but ethically problematic.

The Challenge for Muslims in Conventional Financial Hubs

Many major financial hubs, particularly in Western countries, are dominated by conventional interest-based banking systems.

This can present a significant challenge for Muslims seeking ethically compliant financial services.

Vivid.money, operating within this conventional framework, exemplifies this challenge. Lesswastecoffee.com Review

Its offerings are typical of mainstream fintech platforms but do not cater to the specific ethical needs of Islamic finance.

Seeking Local Islamic Finance Institutions Where Available

In regions with a significant Muslim population or a developing Islamic finance sector, dedicated Islamic banks or financial institutions might exist.

These institutions are specifically structured to avoid Riba and operate on principles of profit-sharing, asset-backed financing, and ethical investment.

For those in countries where Vivid.money operates, it’s essential to research if local or regional Islamic finance alternatives are available, even if they are smaller or offer a more limited range of services.

Global Reach of Ethical Principles

Regardless of geographical location, the principles of avoiding Riba, gharar, and other impermissible elements remain universal in Islamic finance.

A Muslim in Berlin where Vivid.money has a presence, given search trends like “vivid money berlin” faces the same ethical considerations as a Muslim in any other part of the world.

The challenge is then to find or create financial solutions that adhere to these principles, rather than compromising them.

Vivid.money Careers and Ethical Workplace Environment

Looking at “vivid money careers” and “vivid money glassdoor” insights, it’s natural to consider the workplace environment and its ethical implications, especially when the core business involves impermissible activities.

While a company’s internal culture, salary “vivid money salary”, and employee reviews are important for conventional assessment, for a Muslim, the nature of the business itself takes precedence. Gsdcouncil.org Review

The Ethical Dilemma of Working in a Riba-Based Institution

For Muslims, working in an institution whose primary business involves Riba interest or other impermissible activities presents a significant ethical dilemma.

While the daily tasks of an employee might not directly involve calculating interest or processing loans, contributing to the overall operation of such a system can be seen as indirectly facilitating impermissible transactions.

Scholars generally advise against working in such environments if one has viable alternatives.

Direct vs. Indirect Involvement

The degree of permissibility can sometimes depend on the directness of one’s involvement.

For instance, a cleaner in a bank might be seen as less directly involved in Riba than a loan officer or an investment manager.

However, even indirect support contributes to the functioning of the impermissible system.

In the case of Vivid.money, roles directly related to financial product development, sales, or customer support for their interest-bearing or crypto-earning accounts would be particularly problematic.

Importance of Seeking Ethical Employment

For Muslims, seeking employment in industries and companies that align with Islamic ethical principles is highly encouraged. This includes:

• Halal Industries: Food halal certified, modest fashion, ethical technology, education, healthcare, non-interest-based finance, sustainable agriculture.
• Companies with Ethical Practices: Those known for fair labor practices, environmental responsibility, and transparent business models.
• Islamic Financial Institutions: Directly working for Islamic banks, Takaful Islamic insurance companies, or Sharia-compliant investment firms.

The Impact on Individual’s Earnings Barakah

Beyond the ethical permissibility of the work itself, there is a spiritual dimension concerning the blessings Barakah in one’s earnings.

Income derived from impermissible sources is generally considered devoid of Barakah and can have negative spiritual consequences. Holsper.com Review

Therefore, even if a job at Vivid.money offers a competitive “vivid money salary,” the ethical and spiritual cost must be weighed.

Vivid.money App and User Experience

The “vivid money app” is central to their user experience, providing mobile access to their services.

While a smooth and user-friendly app is generally a positive aspect of any digital service, for Vivid.money, the underlying impermissible financial products accessible through the app overshadow any technical convenience.

App Functionality and Design

Based on the homepage description, the app aims to be an “all-in-one solution” for managing finances, offering seamless switching between personal and business accounts.

Users on Trustpilot praise the “user friendly app design” and its ease of use.

This suggests a focus on modern UI/UX principles, which is common in the fintech industry.

Features like instant transfers, invoicing, and bookkeeping are likely integrated into the app for on-the-go management.

The Ethical Problem of Convenient Impermissibility

While a well-designed app makes financial transactions easier, when those transactions are interest-based or speculative, the convenience becomes part of the problem.

A smooth user experience for an impermissible product does not make the product permissible. Toypro.com Review

In fact, it might make it more tempting for users to engage in transactions they should avoid.

The ease of access to interest accounts, loans, and crypto earning through the app is a significant ethical concern.

The Illusion of Control

The ability to “seamlessly switch accounts whenever you need” and “keep a clear overview of all your finances on one platform” gives users a sense of control and efficiency.

However, this control is exercised over funds that are either generating Riba or are involved in potentially speculative assets.

For a Muslim, true control over finances means ensuring they are managed according to divine guidelines, not just efficiently.

Alternatives for Ethical Financial Management Apps

Instead of apps that facilitate impermissible dealings, ethical alternatives for financial management focus on budgeting, expense tracking, and connecting with Sharia-compliant financial institutions. These apps might include:

• Budgeting Apps: Tools like YNAB You Need A Budget, Mint though ad-supported, or personal spreadsheet apps that help users track spending and adhere to financial plans.
• Expense Trackers: Apps dedicated to categorizing business expenses and tracking income for legitimate financial reporting.
• Business Management Software: Apps that focus solely on invoicing, project management, and basic accounting without involvement in interest or speculative investments.

Vivid.money Pricing: Costs and Ethical Compromises

Vivid.money offers various pricing plans—Free Start, Basic, and Pro—with monthly or annual payment options.

While the pricing structure itself might seem competitive for conventional users, for those adhering to Islamic principles, the fundamental nature of the services offered at any price point makes it an untenable option.

Understanding the Plan Features

The plans vary in features such as the number of accounts included, team members, guaranteed cashback percentages, variable interest rates which are still Riba, and limits on transfers and bookkeeping documents. Getheyshape.com Review

For example, the “Free Start” plan offers “0 € / month” and includes “1 account,” “4% initial fixed interest rate,” and “0.1% guaranteed unlimited cashback.” The “Pro” plan, at “19 € / month,” increases these to “20 accounts,” “1.6% variable rate” after initial fixed rates, and “0.5% guaranteed unlimited cashback,” along with higher cashback on selected categories and up to “7% Crypto Earn rewards.”

The Unacceptable Cost of Riba and Speculation

The core issue isn’t the monetary cost of the plans, but the ethical cost. Every plan, from the “Free Start” upwards, either explicitly offers interest earnings “Initial fixed interest rate p.a.“, “Fixed interest rate p.a. after 1 months“, “Variable rate Interest Strategies” or promotes impermissible activities like “Crypto Earn rewards” and “Maximum loan amount & repayment term.” Paying for these services, regardless of the price tier, means subscribing to and financially supporting a system built on Riba and speculation.

The Illusion of “Free” Services

Even the “Free Start” plan, while costing “0 € / month,” is problematic because it still offers interest on uninvested cash and other features tied to the overall impermissible framework.

For Muslims, something being “free” does not make it permissible if its underlying nature involves Haram forbidden elements.

The benefit derived from such “free” interest is still Riba.

Prioritizing Ethical Value Over Monetary Cost

For a Muslim, the decision to engage with a financial service should never be solely based on its monetary cost or convenience.

The primary filter must always be its ethical and Sharia compliance.

A service, no matter how “cheap” or “feature-rich,” is too expensive if it compromises one’s religious principles.

The true cost here is the potential spiritual consequence of engaging in forbidden financial transactions.

Alternatives for Cost-Effective and Ethical Business Tools

Instead of paying for a bundled service that includes impermissible features, businesses can opt for specialized, ethical, and often more cost-effective solutions for their specific needs: Donateclothes.uk Review

• Free or Open-Source Accounting Software: As mentioned previously, options like Wave Accounting free core features or GnuCash free, open-source can handle invoicing and bookkeeping without being tied to a larger interest-based banking system.
• Dedicated Invoicing Software: Numerous standalone invoicing tools are available, many with free tiers for basic use.
• Ethical Travel Booking: Using conventional travel agencies or booking sites that do not involve interest-based travel financing.
• Halal Investing Platforms: Investing surplus funds through Sharia-compliant channels, which might have their own fee structures but are ethically sound.

The lesson here is clear: the pricing structure of Vivid.money is irrelevant when the products being priced are fundamentally impermissible from an Islamic perspective.

The focus must shift to finding alternatives that align with ethical principles, even if it means using multiple specialized tools instead of one “all-in-one” solution.

FAQ

What is Vivid.money?

Vivid.money is a financial platform that offers both business and personal accounts, including features like interest-bearing savings accounts, loans, cashback programs, invoicing tools, and crypto earn accounts, primarily targeting the European market.

Is Vivid.money suitable for Muslims?

No, Vivid.money is not suitable for Muslims.

The platform explicitly promotes and facilitates Riba interest through its “Interest Account” and loan offerings, and also includes “Crypto Earn Accounts” which may involve impermissible speculation or interest-like returns.

What is Riba in Islamic finance?

Riba refers to any predetermined, positive return on a loan of money, regardless of the amount.

It is strictly prohibited in Islamic finance due to its exploitative nature and the principle of avoiding earning money from money without real economic activity or risk-sharing.

Does Vivid.money offer interest on deposits?

Yes, Vivid.money explicitly states it offers a “fixed annual interest” on uninvested cash in its “Interest Account,” with rates like 4% and 3% for initial periods.

Can I get a loan from Vivid.money?

Yes, Vivid.money offers “Financing” loans of up to €250,000 for business needs. Sellvia.com Review

These conventional loans typically involve interest, making them impermissible from an Islamic perspective.

What is a “Crypto Earn Account” on Vivid.money?

A “Crypto Earn Account” on Vivid.money allows users to earn “up to 7% Annual Percentage Yield” on selected crypto assets.

This feature is problematic in Islamic finance due to the speculative nature of many cryptocurrencies and the potential for interest-like returns.

Are cryptocurrencies permissible in Islam?

The permissibility of cryptocurrencies in Islam is a complex and debated topic among scholars, with some viewing certain types as permissible if they represent a real asset or utility, while others deem them impermissible due to extreme volatility, speculation gharar, or lack of underlying value.

Earning interest APY on them, as offered by Vivid.money, makes it problematic.

Are there any Sharia-compliant features on Vivid.money?

Based on the website’s homepage text, there is no mention of Sharia compliance, a Sharia board, or adherence to Islamic finance principles.

Its core offerings are conventional and include interest-based products.

What are ethical alternatives to Vivid.money for businesses?

Ethical alternatives include using free or low-cost accounting software like Wave Accounting or Zoho Books for invoicing and bookkeeping, and seeking out genuinely halal financing models such as Musharakah partnership, Mudarabah profit-sharing, or Murabahah cost-plus sale from dedicated Islamic financial institutions.

Where can I find ethical investment platforms?

Ethical investment platforms, which screen investments for Sharia compliance and avoid interest and forbidden industries, are emerging globally. Skylum.com Review

Researching “Sharia-compliant investment platforms” or “halal investment funds” is a starting point, though availability varies by region.

How does Vivid.money handle security?

Vivid.money claims funds are “Safely stored” in assets like deposits with the Central Bank of Luxembourg and high-quality Qualifying Money Market Funds.

They also state funds are kept separate from their own, overseen by European financial authorities CSSF, CONSOB, AFM, and comply with Payment Card Industry Data Security Standards PCI DSS and GDPR, using 2-step authentication.

Is Vivid.money regulated?

Yes, Vivid.money states that its services are provided by the Vivid Money group, with Vivid Money SA regulated by the CSSF in Luxembourg, Vivid Digital S.r.I. supervised by CONSOB in Italy, and Vivid Money B.V. regulated by the AFM in the Netherlands.

Can I earn cashback with Vivid.money?

Yes, Vivid.money offers cashback programs, including “guaranteed unlimited cashback” and higher percentages on selected categories and brands.

While cashback itself isn’t inherently impermissible, its association with a platform promoting interest makes the overall engagement problematic for Muslims.

What are the pricing plans for Vivid.money?

Vivid.money offers “Free Start” 0 €/month, “Basic” 7 €/month, and “Pro” 19 €/month plans, with varying features related to accounts, team members, interest rates, cashback, transfers, and other business tools.

Is there a free trial for Vivid.money?

The “Basic” and “Pro” plans offer a “2 months free trial,” allowing users to test features before committing to a paid subscription.

What is the maximum loan amount offered by Vivid.money?

Vivid.money advertises a “Maximum loan amount & repayment term” of €250,000 with a 12-month repayment term, likely involving interest.

Does Vivid.money support international transfers?

Yes, Vivid.money mentions “Quick Transfers” including SEPA Instant transfers and SWIFT transfers, indicating support for international transactions.

Can I manage personal and business finances in one place with Vivid.money?

Yes, Vivid.money promotes the convenience of having both private and business finances in one place, allowing users to seamlessly switch accounts.

What integrations does Vivid.money offer for businesses?

Vivid.money offers integrations with accounting tools and financial applications like sevDesk, Lexware Office, and DATEV to streamline money management and bookkeeping.

Does Vivid.money provide customer support?

Yes, Vivid.money’s “Basic” and “Pro” plans include “24/7 human support,” while the “Free Start” plan does not explicitly list it but typically offers some level of support.

Is working for Vivid.money permissible for a Muslim?

Working for Vivid.money, whose core business involves Riba interest through its accounts and loans, and potentially speculative “Crypto Earn Accounts,” is generally considered impermissible for a Muslim, especially in roles directly facilitating these transactions.

It is advised to seek employment in ethically compliant industries and companies.

How does Vivid.money ensure funds are safe from its own insolvency?

Vivid.money states that client funds are “kept separate from our own.” In the unlikely event of insolvency, customer money remains safe, “even beyond €100,000,” as funds are segregated.

What is “Business Travel” feature on Vivid.money?

The “Business Travel” feature allows users to search, book, and pay for hotels directly from their account, including “up to 30% travel cashback.” While travel itself is permissible, the overall integration within an impermissible financial ecosystem makes it problematic.

Does Vivid.money offer invoicing tools?

Yes, Vivid.money includes invoicing features that allow users to “Issue comprehensive invoices, track what’s owed and send reminders.”

What is the “Variable rate Interest Strategies” mentioned in the plans?

The “Variable rate Interest Strategies” refers to a changing interest rate that users can earn on their funds after the initial fixed-rate period, confirming the continuous involvement in Riba for all plans.