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)