Lydia

Lydia

Payments | Mobile/Digital Wallet | P2P Payments
website linkedin address
  • FOUNDING YEAR: 2011
    LOCATION:
    France
    REGION:
    Île-de-France IDF
    Last Update:
    27 Jun, 2019
    Phone:
    +33 1 79 75 40 30

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
Retail Consumers
EXISTING PARTNERSHIPS:
Payline (by Monext, Crédit Mutuel Group ARKEA), Financial Company Interbank Electronic Purse (SFPMEI)

PEOPLE

FOUNDERS:
Cyril Chiche, Antoine Porte, Frédéric Scharly
Board Members and Advisors:
Jerome Tordo, Harold Mechelynck, Bertrand Cyril
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
CNP Assurances, XAnge, New Alpha AM, Oddo BHF and Groupe Duval, Belcube
KEY EMPLOYEES:
Cyril Chiche (CEO); Antoine Porte (CTO)

TRACTION

VALUATION / MARKET CAP:
$52.02 MM 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)
COMMENT:
Lydia plans to expand into Germany and Austria.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$29.2 Millions
DATE OF LAST FUNDING:
Feb 2018
SEED & PRIOR FUNDING:
$800 K
SEED CLOSED ON:
Sep 2013
FUNDING SERIES:
SERIES A
$4.5 Millions Closed: Nov 2014
SERIES B
$23.9 Millions Closed: Feb 2018
LISTED:
NO

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