- Sector: Digital Banking & Payments
- Deal Type: Founder-led Businesses; Private Capital; Strategic Deals
- Engagement type: Fundraise
- Size: $45 million
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Lydia on its $45 million Series B growth investment round led by Tencent, one of Asia’s leading technology and internet conglomerates.
Headquartered in Paris, Lydia is one of the fastest growing mobile financial services platforms in France with over 3 million users and a 25% market share among millennials. Lydia has recently expanded its product offering to become a one-stop shop financial application. Existing shareholders Open CNP, XAnge and New Alpha participated in the round.
The transaction underlines Arma Partners’ deep sector expertise in Digital Banking and Payments as well as the capabilities of our Private Capital practice, utilising its strong connectivity across the full breadth of relevant investor categories globally, including Asia. The transaction highlights the firm’s growing footprint in the French scale-up ecosystem, following transactions for Evaneos, Heetch and Talentsoft.