The startup is one of the pioneers of the cashless revolution which is sweeping across most of the planet – from China to Sweden. CNP Assurances led this funding round of 13 million euros. They join the company’s existing investors – including XAnge, New Alpha AM, Oddo BHF and Groupe Duval – who have each made follow-on investments. This round will enable the fintech startup to develop new services, and to accelerate its exponential growth in France, the UK, Ireland, Portugal and Spain, as well as in the rest of the European Union.
“Now, more than ever before, Lydia is one of the major players in the cashless revolution gaining pace across Europe. We’d like to thank our existing investors for their ongoing trust, and we are thrilled to welcome CNP Assurances onboard. These enriched means will allow us to go even faster and further towards providing the 500 million citizens of Europe with the best-adapted interface for their money”, commented Cyril Chiche, President and Co-founder of Lydia.
“With innovative customer acquisition strategies and an unparalleled level of service, Lydia has been able to attract millennials, and to create a loyal community of Lydia app users. We are delighted to accompany Lydia on its expansion in France and across Europe, as well as to plan new mobile payment services together” , added Hélène Falchier, head of Private Equity at CNP Assurances, and director of Open CNP.