
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.
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