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Fintech startups are increasingly focusing on profitability Some companies tore up their 2020 roadmap to build lasting businesses Fintech startups have been massively successful over the past few years. The biggest consumer startups managed to attract millions sometimes even tens of millions of users and have raised some of the biggest funding rounds in late-stage venture capital. That’s why they’ve also reached incredible valuations. After a few wild years of growth, fintech startups are starting to act more like traditional finance companies. And yet, this year’s economic downturn has been a challenge for the current class of fintech startups: Some have grown nicely, while others have struggled, but the vast majority of them have changed their focus. ....
French Mobile Payment App Lydia Secures €40 Million Through Series B Funding Round Led By Tencent crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
French Mobile Payments Firm Lydia Acquires $86 Million in Additional Funding as Part of Series B Round French mobile payments firm Lydia has extended its Series B investment round, raising an additional $86 million in capital led by Accel. Lydia’s total Series B funding currently stands at €131 million, which reportedly makes it the largest round ever closed by a French Fintech company. Previous investors in Lydia include Chinese digital commerce giant Tencent, New Alpha, and Open CNP. Founded in 2013, the Lydia peer to peer (P2P) payments platform claims more than 4 million users and a 25% or a quarter of the market share among French Millennials. Like its US counterpart Venmo, the brand has entered the French lexicon as a verb. ....
Lydia secures $86 mn in Series B extension round led by Accel ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.