French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion.
- The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future, TechCrunch reported Wednesday.
- Lydia recently allowed its 5.5 million users to invest in digital assets including crypto and fractional stocks in partnership with Austrian exchange Bitpanda.
- The firm raised $131 million in two funding rounds last year and offers a range of services including current accounts, express loans, mobile payments and investments through its app.
- Lydia plans to use the fresh funding to hire 800 more staff over the next three years and expand its customer base to 10 million by 2025.