Mobile financial services app
Job no longer available
Mobile financial services app
201-500 employees
Job no longer available
201-500 employees
To make the payment experience as easy as possible for everyone.
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To make the payment experience as easy as possible for everyone.
1% employee growth in 12 months
The Lydia app has rapidly become France’s leading banking challenger. As France’s 2nd most downloaded fintech app, its has onboarded nearly 6 million users and became a unicorn in late 2021. The company has reached these heights with its savvy strategy: building out gradually from a modest P2P payments app into a multi-service “super app.”
It’s a remarkable player in the broader, global banking revolution that’s seeing neobanks and fintech startups outmanoeuvre incumbent institutions to net the Millennial and Gen X markets. Whilst this frenzy of competition makes the fierce market difficult to access for smaller, newer competitors, Lydia’s deeply embedded French user base has earned it a powerful reputation.
With “super-apps” such as Lydia consolidating in their own regions, many have their eyes on a more global reach. This is where the pressure may be applied to Lydia, which only operates in a handful of EU territories, whereas close competitor Revolut operates in dozens, with plans to expand intercontinentally. Although Lydia has added competitive novel features like crypto-investing capabilities to its platform, it will need to continue to innovate in order to fend off international competitors.
Kirsty
Company Specialist
Dec 2021
$100m
SERIES C
Dec 2020
$86m
SERIES B
This company has top investors
Founders
Cyril Chiche
(CEO)Previously a Co-founder and COO for Avitis, who went on to co-found and serve as CEO at the mobile drinks payments platform Drinkon.me. Also a board member of France Fintech.
Antoine Porte
(CPO)Previously an associate and entrepreneur, and Co-founder of Drinkon.me.