Mobile payment app Lydia raises $45 million round led by Tencent

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Lydia launches shared accounts for its mobile payment app

French startup Lydia now lets you share your Lydia sub-accounts with other people. The company wants to make it easier to manage money when you’re traveling with friends, sharing an apartment with someone and more. When Lydia introduced its premium offering back in March 2018, the company completely rethought the way Lydia accounts worked. Users […]

Lydia launches mobile phone insurance

French startup Lydia is launching an insurance product for your mobile phone. For €4.29 per month ($4.89), you can insure your phone from the Lydia app. Lydia is one of the most popular peer-to-peer payment apps in Europe, with 1.5 million users. Think about it as a sort of Venmo or Square Cash for Europe. […]

Lydia now supports Samsung Pay

While French banks are just catching up to Apple Pay, French startup Lydia is adding support for Samsung Pay. If you have a recent Samsung phone, you can now add a virtual card to Samsung Pay and pay using your phone in your favorite stores. Lydia started as a peer-to-peer payment app. It works more […]

Lydia launches Lydia Premium

French startup Lydia announces two new things today. First, the company is launching a financial hub with multiple new products. Second, Lydia is announcing a new premium subscription to access those new features. “Today, we’re lucky enough to have you here to announce you the biggest thing we’ve done since Lydia’s launch,” co-founder and CEO […]

Lydia raises $16.1 million to become the PayPal of mobile payments

French startup Lydia is raising a $16.1 million round (€13 million) led by CNP Assurances with existing investors XAnge, New Alpha AM, Oddo BHF and Groupe Duval also participating. Lydia isn’t the first startup that wants to replace PayPal, and also probably not the last one. But it’s clear that the company is slowly becoming […]