Fintech

Lydia is a unicorn after $100mn raise

10 December 2021

Written By FinTech Alliance

French challenger bank Lydia has raised over $100mn in its most recent funding round.

In Brief:

This makes it France’s latest FinTech unicorn with a $1bn valuation.

The challenger bank currently has 5mn users and says it aims to double this.

To achieve this, it will hire up to 800 people in the coming “few years”.

What does this mean?

Currently Lydia is used by one in three 18-35 year olds, so there is a lot of work to do before it truly expands its user base – particularly as the focus is on making Lydia the “main account” for all its customers, something most challengers are struggling to crack.

Read more here.

This makes it France’s latest FinTech unicorn with a $1bn valuation.

Source: https://fintech-alliance.com/news-insights/article/lydia-is-a-unicorn-after-100mn-raise

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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