Vibrant, a Danish app that turns Android mobile devices into points of sale, has raised a €4 million seed round led by byFounders, with Luminar Ventures also participating.
Vibrant’s mission is to make monetary merchant-customer transactions easier and more accessible than ever before. Vibrant can be downloaded instantly for use with Android devices (which are both affordable and constitute 80% of all mobiles in Europe according to the European Commission).
Having co-founded Vibrant in Copenhagen in 2020, Kasper Krog (CEO) and Kåre Sørensen (CPO) have built a multi-national team of 25 employees. The startup, whose transactions are currently increasing 70% month-on-month, will use this investment to grow its customer base and prioritise extensions into new markets that harbour millions of untapped SMEs. Vibrant was the overall winner of Mastercard Lighthouse’s FINTIV program in 2022, as well as one of four Nordic and Baltic fintechs supported by Visa.
