About Lydia
Lydia is a company based in Paris (France) founded in 2013. It operates as a FinTech, and Freemium. Lydia has raised $259.68 million across 7 funding rounds from investors including Tencent, Accel and CNP Assurances. Lydia offers products and services including Sumeria Account, Investment Tools, and Budgeting Envelopes. Lydia operates in a competitive market with competitors including MoneyGram, Satispay, Lyf Pay, Nickel and CarePay, among others.
- Headquarter Paris, France
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lydia Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$259.68 M (USD)
in 7 rounds
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Latest Funding Round
$100 M (USD), Series C
Dec 08, 2021
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Investors
Tencent
& 11 more
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Employee Count
Employee Count
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Products & Services of Lydia
Lydia offers a comprehensive portfolio of products and services, including Sumeria Account, Investment Tools, and Budgeting Envelopes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A digital banking account with interest remuneration offered.
Tools for investing in stocks, crypto, and metals provided.
Sub-accounts for budgeting and expense tracking are facilitated.
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Funding Insights of Lydia
Lydia has successfully raised a total of $259.68M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $100.0M
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First Round
First Round
(16 Sep 2013)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series C - Lydia | Valuation | Tencent , Accel |
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| Dec, 2020 | Amount | Series B - Lydia | Valuation | Accel | |
| Jan, 2020 | Amount | Series B - Lydia | Valuation | Tencent |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lydia
Lydia has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Accel and CNP Assurances. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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A venture capital firm focused on tech entrepreneurs is operated.
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Founded Year | Domain | Location | |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lydia
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lydia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lydia Comparisons
Competitors of Lydia
Lydia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Satispay, Lyf Pay, Nickel and CarePay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Wallet-based payment solution for consumers
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| domain | founded_year | HQ Location |
App based mobile wallet provider
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| domain | founded_year | HQ Location |
A banking service is provided for all through local points.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lydia
Frequently Asked Questions about Lydia
When was Lydia founded?
Lydia was founded in 2013.
Where is Lydia located?
Lydia is headquartered in Paris, France.
Is Lydia a funded company?
Lydia is a funded company, having raised a total of $259.68M across 7 funding rounds to date. The company's 1st funding round was a Series B of $44.52M, raised on Sep 16, 2013.
What does Lydia do?
Digital banking services are offered by Lydia Solutions through its Sumeria platform. Accounts, cards, and real-time financial tracking are provided to users. Investment tools for stocks, cryptocurrencies, and metals are included. Budgeting features with sub-accounts for expense management are supported. Based in France, innovative financial solutions are delivered since 2011.
Who are the top competitors of Lydia?
What products or services does Lydia offer?
Lydia offers Sumeria Account, Investment Tools, and Budgeting Envelopes.
Who are Lydia's investors?
Lydia has 12 investors. Key investors include Tencent, Accel, CNP Assurances, Oddo BHF, and Groupe Duval.
What is Lydia's valuation?
The valuation of Lydia is $1B as of Dec 2021.
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