French crypto startup Lydia has now achieved unicorn status after a successful series C funding round, media outlet TechCrunch reported Wednesday.
After securing roughly $86 million in Dec. 2020 as part of its Series B extension round, the company has now concluded its $100 million Series C round. The fundraise saw contributions from several new and existing backers, including Dragoneers, Echo Street, Tencent, Accel, and Founders Future, among others.
Starting as a peer-to-peer payments network in 2013, Lydia now offers several new features including debit cards, IBANs, money pools, cashback, and more. The startup recently partnered with crypto platform Bitpanda to enable crypto and stock trading on its platform.
With fresh investments at hand, Lydia plans to recruit 800 people over the next three years to expand its user base all over Europe. The company currently has a user base of 5.5 million customers and plans to expand the figure to 10 million by 2025.