Lydia: The latest figures, news and market research on Lydia

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 September 2016, 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 2017, 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'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.