
XAnge et al. invest €3.6m in Lydia
XAnge Private Equity has taken part in a €3.6m funding round for Lydia Solutions, a French mobile payment service.
The French GP, which led the round, was joined by Belcube and the Duval family office.
Belcube is the Belgian investment company of Harold Mechelnyck, a founder of Belgian online payment service Ogone, and Jean Zurstrassen and Grégoire de Streel, the founders of Belgian payment platform Tunz.
Company
Founded in 2013 and headquartered in Paris, Lydia has created an app that allows users to make payments via their mobile devices.
The app is free to download on the AppStore and Google Play Store. The company claims that 85% of its user base is made up of 18-30-year-olds.
People
Cyril Chiche is the president of Lydia; he founded the company alongside Antoine Porte. Cyril Bertrand is a partner at XAnge.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds