Lydia raises $16.1 million to become the PayPal of mobile payments

 French startup Lydia is raising a $16.1 million round (€13 million) led by CNP Assurances with existing investors XAnge, New Alpha AM, Oddo BHF and Groupe Duval also participating.
Lydia isn’t the first startup that wants to replace PayPal, and also probably not the last one. But it’s clear that the company is slowly becoming mainstream in France. The company first focused on… Read More
Source: Tech Crunch Startups | Lydia raises .1 million to become the PayPal of mobile payments