Lydia announces new partnership with Younited Credit

Monday 6 July 2020 09:44 CET | News

French startup Lydia has teamed up with Younited Credit, a fintech that enables users to borrow anything between EUR 500 and EUR 3,000 and pay back within 6 to 36 months.

The new product will be released in France at some point during the summer. So far, the French startup has already partnered with Banque Casino to let users borrow between EUR 100 and EUR 1,000. But that feature was limited to short-term credit as customers had to reimburse everything over three instalments.

With this new partnership, customers can borrow more money and have more time to pay back their loan. Lydia will try to be as transparent as possible when it comes to interests. And there is no fee in case or early repayment.

By offering two different credit products, Lydia wants to cover more use cases. If something unexpected happens (your laptop broke down, you must book an emergency flight, etc.), you can borrow as much as EUR 1,000 in just a few seconds, according to TechCrunch.

For immediate big purchases, consumers can go through the new credit offering with Younited Credit. Lydia started as a peer-to-peer payment app with 3.5 million users in Europe. It recently raised a USD 45 million funding round led by Tencent. The startup now wants to build a marketplace of financial products.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Lydia, credit loans, France, financial services, fintech, banking, Younited Credit, mobile payments
Categories: Banking & Fintech
Countries: France
This article is part of category

Banking & Fintech