WITH A $100 MILLION SERIES C FUNDING FRENCH FINTECH LYDIA ATTAINS UNICORN STATUS

Snapshot

• French Financial Technology Firm ‘Lydia’ claimed a Unicorn Status after receiving $100 Million Series C Funding.
• Dragoneers and Echo Street are the new investors that adds to its existing investors tally of Tencent, Accel and Founders Future.

With a total valuation over $1 Billion, French Financial Technology Firm ‘Lydia’ claimed a Unicorn Status after receiving $100 Million Series C Funding. This adds to its existing investor’s tally of Tencent, Accel and Founders Future with new investors in the form of Dragoneers and Echo Street.

The funding came after its allowance of investments in digital assets including cryptocurrencies to its user base of over 5.5 Million in partnership with an Australian Exchange Bitpanda.

Lydia is planning to invest its fresh funding to expand its staff to over 800 new employees within a period of 3 years and to expand its customer base to $10 Million by the year 2025.

The firm has already implemented various financial services on its platform after the firm raised $131 Million in funding rounds last year. This shows the intent of Lydia as a firm progressing towards adopting technology and the power of digital currencies.

Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.

Photo By-  Maklay62 on Pixabay