French fintech startup Lydia, which as 1m users and is available in France, Ireland, UK, Spain, and Portugal, has launched its premium service for $5/month which provides users a MasterCard and ability to general multiple virtual cards to manage their online subscriptions. The startup has also recently raised $16.1m from CNP Assurances and others.
Lydia is currently available in France, Ireland, the U.K., Spain and Portugal. The startup also recently raised $16.1 million (€13 million) from CNP Assurances and others. It’s interesting to see that Lydia isn’t competing head-to-head with challenger banks, such as N26 or Revolut (soon). The company thinks you can provide more value by partnering with multiple companies and building the interface that makes everything work together.