- French mobile payments startup Lydia has extended its Series B funding round, raising an additional $86 million led by Accel
- Total Series B funding now stands at €131 million, making it the largest round ever raised by a French fintech
- Previous investors include the likes of Chinese e-commerce giant Tencent, Open CNP and New Alpha
- Recently, the company has diversified, enabling users to get accounts, payment cards, loans, insurance, and gift cards
- Lydia CEO Cyril Chiche says the firm will use the cash to expand its geographic footprint
- This investment will not only enable to respond to customers’ needs faster and move into new markets
