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Lydia launches new banking app in Europe
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May 15, 2024
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May 15, 2024

Lydia launches new banking app in Europe

Product updates

  • Lydia, a French digital bank catering to individuals, has launched a new banking app called "Sumeria" for the European market.

  • Lydia aims to develop Sumeria into a banking super app, providing its users with a simple and fast online account offering 4% interest. It will also enable them to receive, spend, and manage finances anywhere in Europe. 

  • In addition, the company announced plans to invest over EUR 100 million and hire 400 people in the next three years to establish itself as a major banking player in France, with further expansion into other parts of Europe. Lydia also intends to apply for a credit institution license with the French banking regulator.

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