French financial technology company Lydia has raised $100 million in Series C financing round, with a valuation of over $1 billion. unicorn achieved status. funding round, dragoneers and Echo Street new investors such as existing investors Tencent, Accel and Founders Future’s added in.
“Unicorn” is a term used in the venture capital industry to describe a private start-up company valued at over $1 billion.
Recently, Lydia is an Austrian crypto-asset trading platform. bitpanda has enabled its 5.5 million users to invest in digital assets. Lydia, which provides many financial services such as current accounts, express loans, mobile payments and investments through the mobile application, raised $131 million in two financing rounds last year.
Lydia plans to use the funding it has raised to employ 800 staff over the next three years, increasing its client base to 10 million by 2025.