Lydia, a Paris, France – based mobile financial services platform, raised an additional $86M of its Series B funding round.
The round, which now sits at $131M, was led by Accel, with participation from existing shareholders. In conjunction with the funding, Amit Jhawar, the former General Manager of Venmo and Accel venture partner, led the investment for Accel and will join the Board of Directors.
The company intends to use the funds to accelerate its product roadmap and to expand its geographic footprint.
Co-founded by Antoine Porte and Cyril Chiche, Lydia is a mobile financial services platform with over 4 Million users. It provides financial services such as its flexible debit card, money pools and direct deposit capabilities.