Turnover: million EUR ()

Country: France

Founded in 2011, fintech company Lydia has developed an app-based mobile payment solution. It claims over one million users. It offers a prepaid Lydia Mastercard, but is not yet disclosing the number of users of this. In December 2020, it raises 72 million euros in capital.

In , the company launches the Lydia card, a mastercard connected to the app. The app is integrated with Slack as well as Siri and iMessage.

In , the app opens up to Europe with rollouts in Ireland, Spain, the UK, Portugal and Germany.

In 2020, China's Tencent acquired a stake (€40 million)

News

Lydia invests 100 million euros to become a bank 15/05/2024

  • **Customer target:** 5 million customers in France within three years.
  • **Recruiting:** around 400 new employees, almost doubling the current workforce of 250.
  • **Since its creation in 2011, Lydia has raised around 235 million euros.
  • **Number of current banking customers:** around 2 million, out of a total of 7 million users.
  • **Express consumer credit in partnership with Floa (subsidiary of BNP Paribas).

Lydia's new plan to become profitable 07/03/2023

  • The peer-to-peer money transfer app has expanded to include a current account and bank card, stock and cryptocurrency trading, and instant lending.
  • Lydia obtains approval as a finance company, enabling it to lend its own money
  • Lydia does not disclose its sales figures 85% of revenues come from subscriptions and trading commissions

The grand ambitions of fintech Lydia 09/12/2022

  • Valued at over €1 billion, Lydia has raised $100 million
  • 5.5 million users, including 2 million with current accounts or other banking services
  • 5 billion transactions carried out each year on the platform
  • Lydia has used peer-to-peer payments as a loss leader and is now building on its other paid services
  • Lydia has 10 million European customers
  • The company employs 160 people in 2021 and aims to hire the same number in 2022

Lydia, the 22nd French Tech unicorn. 08/12/2021

  • Lydia, co-founded in 2013 by Cyril Chiche and Antoine Porte, has raised 112 million euros.
  • 5.5 million users, 4 billion euros in transactions per year
  • Lydia is aimed at consumers who want to control their budget.
  • An online service that helped its users save over 53 million kWh of energy in France in 2019.
  • Lydia offers businesses access to financial and banking services.
  • Present in all European markets.
  • China's Tencent invests $40 million.

In 2020, Lydia was awarded the French tech 120 label which identifies 120 fast-growing French start-ups.

Studies mentioning this company

The prepaid bank card market - France

Other companies mentioned:

  • La Banque Postale (La Poste)
  • Nickel
  • PCS (Creacard)
  • Veritas (Prepaid financial services)
  • N-26
  • Revolut
  • Lydia
  • Visa
  • Mastercard
  • Google Pay
  • Apple Pay
  • Toneo First
  • Moni Monisnap
The online payment market - France

Other companies mentioned:

  • Worldline
  • Stripe
  • Paypal
  • Groupement des cartes bancaires CB
  • Mastercard
  • Visa
  • Google Pay
  • Apple Pay
  • Alipay
  • Lydia
  • Crédit Agricole Groupe
  • Revolut
  • Lyra Networks
  • Nickel
  • Crédit Mutuel
  • Preludd Payment
  • RubyPayeur (Atradius Collections)
  • Gcollect
  • Orange Bank
  • Pledg (Credit Agricole)
  • Française des Jeux FDJ
  • Wero European Payments Initiative
  • Natixis Groupe BPCE
  • Shine Banque
The neobank market - France

Other companies mentioned:

  • Alma
  • Lydia
  • Nickel
  • Hello Bank !
  • Memo Bank
  • Qonto
  • Revolut
  • N-26
  • Bforbank
  • N26
  • Mangopay
  • Oney
  • Ibanfirst
  • Pledg (Credit Agricole)
  • Orange Bank
The cryptocurrency market - France

Other companies mentioned:

  • Revolut
  • Exodus Wallet
  • MetaMask
  • Ledger
  • Trezor
  • N26
  • Fortuneo
  • Hello Bank !
  • Bforbank
  • Lydia
  • Binance
  • Coinbase
  • Kraken
  • eToro
  • Flowdesk