As Fortuneo or N26, the fintech has relied on the services of Younited Credit.
© Lydia
It is, to believe his team, the first stone in the building. Since its last fund raising of € 40 million, the startup French Lydia, a specialist in payments between friends, embarks on the personal loan. A first step towards the diversification of its offer. The development of a more complete, covering more financial services.
It should be said that five months ago, and since the chinese giant Tencent had invested in the young shoot and its 90 employees in January, the ambitions of Lydia took another turn. Its application has made its success in france, with 25 % of French people aged between 18 and 30 years of age users. Now, the goal is to grow internationally, starting with Europe. But to be able to keep its place on the local market, the fintech has understood that the expectations of the market will force them to have to aim beyond the niche of the payments between friends.
The personal loan arrives, up to 3 000 €
To do this, Lydia has made a call to another fintech French, she is also in full growth. Younited Credit, which was proposed at the outset of its provision of loans directly to its customers in the B2C segment, has been included with the health crisis that provide services to white-label for other actors could become very profitable.
As well, Lydia has found a way to complete his first offering, that it had launched in 2018. The consumer credit of Lydia and Younited Credit offers are ranging from 500 to 3 000 €, refundable from 6 to 36 months. Thanks to the fintech French licensed credit, Lydia can initiate a service credit to the minimum amount less than that of banks online as Fortuneo or neo-bank, as N26 : from 1 000 to 50 000 €.
With the fintech Younited Credit, Fortuneo opens at the consumer credit
10 million users
Unlike mobile payments in the French Paylib, Lydia enjoys a strong attractiveness. The application receives 150 000 new users each month, according to figures released by the company last January, and affirmed again this week. In total, the community of users has exceeded 3 million, but Lydia has already given the milestone of 10 million users to reach.
The need for diversification is almost essential, to read the market. The payment may be the most cost-effective at the current time, most of the new fintech French launch out on this business), but the competition is also increasingly fierce. The fault of the giants of the tech california, Apple and Google. But also Cash App, which could hit hard if he materialized his project of arrival in Europe.
Asia will also be in the vicinity. Last January, the round table Lydia had attracted Tencent, which has through its investments be able to fight your way on european soil, he who holds the very powerful platform Wechat Pay.
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