Lydia gets USD 100 mln in Series C funding

With this funding round, the startup has reached a unicorn valuation. Dragoneer and Echo Street are investing in the startup for the first time, and many of Lydia’s existing investors are putting more money on the table, such as Tencent, Accel and Founders Future.

At first, Lydia was a peer-to-peer payment app. After adding your debit card and your bank details, you could send and receive mobile payments with other Lydia users. It progressively became a dominant mobile payment app in France.