Lydia

paymentsmobile/digital walletp2p payments

FOUNDING YEAR: 2013
LOCATION: France
Last Update: 01/05/2020

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About

Lydia's apps enable customers to pay anyone - a friend (for rent, drinks, movies), professionals (restaurants, taxi drives, doctors) and online purchases. The app is available for both iPhone and Android users. The company is offering its product in the U.K., Ireland, Spain and Portugal. Lydia has named as one of the 'Global Fintech 100' by KPMG and as one of the top 10 French Fintech startups by Forbes in 2017.

Focus

PRODUCTS & SERVICES

Lydia is a mobile payment app that provides payments for online purchases, friends, restaurants, etc. It is an all-in-one app that provides various features like monitoring all user bank accounts, make bank transfers, creating online money pots, pay the money back friends by text message and email, pay businesses using contactless or QR codes and set recurring payments. It has launched a new feature that allows the user to add new IBAN recipients, using an old IBAN account, send money, or schedule reoccurring transactions. It also allows users to see an overview of all of their accounts within the app.

REVENUE MODEL

The company earns revenue by offering freemium plans and transaction fees. 1) Lydia premium, a subscription plan which costs $3.69 per month. 2) Merchants pay 0.3% per transaction and monthly fees varying between € 4.9 - € 49.9. 3) Pay with Lydia option on e-commerce websites. merchants pay 1.5% + fixed fee of €0.06 per transaction.

MAIN CLIENTS

Retail Consumers

EXISTING PARTNERSHIPS

Payline (by Monext

Crédit Mutuel Group ARKEA)

Financial Company Interbank Electronic Purse (SFPMEI)

Traction

VALUATION / MARKET CAP:

$52.02 M in 2016

TRANSACTIONS COMMENT:

Lydia processes around 1 million transactions per month, or around €25 million in monthly volume. (March 2018)

ACTIVE USERS:

1 Million in 2018

ACTIVE USERS COMMENT:

The company has more than $1 Mn. registered users and it's more than 2,000 people sign up on every day. (March 2018)

TRACTION COMMENT:

Lydia plans to expand into Germany and Austria.

People

FOUNDERS

Antoine Porte

Cyril Chiche

BOARD MEMBERS AND ADVISORS

Jerome Tordo

Harold Mechelynck

Bertrand Cyril

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Belcube

CNP Assurances

New Alpha AM

Oddo BHF and Groupe Duval

XAnge

KEY EMPLOYEES:

Cyril Chiche (CEO); Antoine Porte (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$78.31 M

DATE OF LAST FUNDING

Jan 2020

SEED & PRIOR FUNDING

$800.3 K

SEED CLOSED ON

Sep 2013

FUNDING SERIES

SERIES A  · $4.5 M  · Nov 2014

SERIES B  · $44.61 M  · Jan 2020

OTHERS  · $28.4 M · Feb 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

France

Views:

151 VISITORS | 272 VIEWS
LATEST FUNDING ROUND

$78.3 M

TOTAL EMPLOYEES
51-200

About

Lydia's apps enable customers to pay anyone - a friend (for rent, drinks, movies), professionals (restaurants, taxi drives, doctors) and online purchases. The app is available for both iPhone and Android users. The company is offering its product in the U.K., Ireland, Spain and Portugal. Lydia has named as one of the 'Global Fintech 100' by KPMG and as one of the top 10 French Fintech startups by Forbes in 2017.

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