French Fintech Lydia Attains Unicorn Status With $100M Series C Funding: Report

French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion.

  • The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future, TechCrunch reported Wednesday.
  • Lydia recently allowed its 5.5 million users to invest in digital assets including crypto and fractional stocks in partnership with Austrian exchange Bitpanda.
  • The firm raised $131 million in two funding rounds last year and offers a range of services including current accounts, express loans, mobile payments and investments through its app.
  • Lydia plans to use the fresh funding to hire 800 more staff over the next three years and expand its customer base to 10 million by 2025.

Read more: Crypto Exchange Bitpanda Raises $263M at $4.1B Valuation

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