| Founded | 2013 |
|---|---|
| Closed | 2022 |
| Country | France |
| Sector | Fintech |
| Total raised | €200M (Accel, New World Fund, Tencent, 2013–2021) |
| Collapse type | Mass Layoff Spiral |
| Founder | Cyril Chiche |
Lydia
"French payments app raised €200M to become the Venmo of Europe—then pivoted and restructured as P2P payments proved impossible to monetise at scale."
Cascading layoffs that accelerated the decline
Key Events Timeline
Lydia was founded in Paris in 2013 as a peer-to-peer payment app: split bills, request money, pay friends.
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