The company had previously raised USD 45 million in January 2020, bringing the total investment to USD 131 million.
The Lydia mobile payment app is now offering debit cards, a direct deposit option, and the ability to create money pots and send the link to other users on the platform. In addition, users also have the option to donate money to charities, organisations, and hospitals.
Lydia users can now spend money directly using a Visa debit card as a result of an upgrade to the platform. The app also allows users to generate a virtual card that is compatible with Google Pay and Apple Pay.
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