Lydia announced it has raised a $100 million Series C round, just a few weeks after announcing stock and crypto trading. The startup is currently valued at more than $1 billion.

Dragoneer and Echo Street are investing in the startup for the first time. Lydia co-founder and CEO, Cyril Chiche, told TechCrunch:

“What’s really impressive with this round is that it is primarily financed by existing investors.”

At first, Lydia was a peer-to-peer payment app. Now the clients have the opportunity to send and receive mobile payments with other Lydia users. In addition to daily payments, the startup also offers small loans from €100 to €3,000, savings accounts, and now trading.

The company plans to hire 800 people over the coming three years, including 160 people in 2022 alone.

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