French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a major player in this sector in France before expanding to other parts of Europe, Lydia...
Peer-to-peer (P2P) payments are booming, with transaction volumes rising by 25%. This surge is caused by a growing number of businesses racing into the P2P market, eager to capitalize on global consumer demand for easy and convenient payment options, as detailed in proprietary research created...
Despite growing investor concerns and a dip in valuations of many global firms, French startups continued to raise millions in venture capital (VC) funding last year. According to data from the government-backed initiative La French Tech, local startups, including eight newly minted unicorns, raised a...
Since the concept was first popularized, the super app trend has continued to gain traction. In fact, Paypal wants to be one; so does Elon Musk’s Twitter. But stating an intention and realizing the vision of a single integrated mobile experience that spans multiple consumer...
January 25, 2022
“Another two years.” That’s all the time Cyril Chiche, co-founder and CEO of French FinTech unicorn Lydia, believes it will take for France to stand shoulder to shoulder with the United Kingdom or Ireland, currently the top destinations for startup funding in Europe. And there is data to back that possible outcome. According to recent […]
December 31, 2021
Startup scenes in Europe, the Middle East and Africa (EMEA) are buzzing with activity, attracting major venture capital investment this year that has led to the creation of close to...
June 04, 2024
Card-issuing platform Marqeta has expanded its partnership with French payments firm Lydia. This extended collaboration, announced Tuesday (June 4), will see Marqeta power Lydia’s European digital banking super app Sumeria. This app has introduced new capabilities including a remunerated current account, and plans to expand quickly throughout Europe with Marqeta’s help, the companies said in […]
May 15, 2024
French payments app Lydia has launched a European banking super app called Sumeria. The company will invest more than €100 million and hire 400 people in three years to become a...
December 08, 2021
The French mobile financial services platform Lydia has raised $100 million in a Series C round, funding that values the company at north of $1 billion. According to multiple published...
November 23, 2021
Vienna-based crypto exchange Bitpanda has joined forces with French mobile financial services platform Lydia to give the app provider’s more than 5 million users access to trade digital assets on Bitpanda’s...
