The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Activities Auxiliary To Financial Services And Insurance Activities 66.1 - Activities auxiliary to financial services, except insurance and pension funding
800 jobs Number of planned job creations
Announcement Date
8 December 2021
Employment effect (start)
1 January 2022
Foreseen end date
1 January 2025
Description
The Paris-based fintech company Lydia Solutions has just finalised a new fundraising of $103 million (€89 million) to fund its development and has announced to recruit 800 employees over the next three years. The company has developed Lydia, an application for paying, sending and receiving money with a smartphone. It offers many financial services and aims to expand in Europe. The goal is to become the main account of 10 million Europeans by 2025. Currently, Lydia Solutions has 150 employees.
Eurofound (2021), Lydia Solutions, Business expansion in France, factsheet number 106042, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106042.
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