The French mobile payment specialist Lydia has completed a fundraising of more than 100 million dollars (around 89 million euros), bringing its valuation to more than one billion dollars. The company thus reaches the status of unicorn, as it revealed on Wednesday, December 8. The historical partners Tencent, Accel and Founders Future were the main contributors, joined however by the American investment funds Dragoneer and Echo Street.
The company with 5.5 million users, launched in 2013, aims to be by 2025 the main account of 10 million Europeans. “To do this, Lydia intends to hire nearly 800 people over the next three years (including 160 in 2022), expand its credit and investment offers and deploy significant resources to be a benchmark player in at least three major countries of the European Union “, specifies the press release.
For the moment mainly present in France, the mobile payment specialist has started to export to Portugal and is due to open an office in Madrid in a few weeks. Germany and Italy are the next targets. In 2020, the company had already raised 112 million euros in two stages.