Mobile payment technology provider Lydia took its total funding to $73m in a $44.5m round that also attracted CNP Assurances, with the cash to fund European expansion.
France-based peer-to-peer payment platform Lydia closed a €40m ($44.5m) series B round on Wednesday that was led by internet group Tencent.
Insurance provider CNP Assurances contributed to the round through its corporate venturing fund, Open CNF. It also featured XAnge, the venture capital unit of private equity firm Siparex Sigefi, and New Alpha Asset Management, which is owned by asset manager La Française.
Founded in 2013, Lydia has built an app that enables customers to make retail purchases using QR…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
