French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a written report in TechCrunch.

The latest capital raise reportedly helped Lydia attain unicorn condition with a valuation of over $one billion.

The $100-one thousand thousand fundraise comes nearly a twelvemonth later its Series B funding round of $86 one thousand thousand in December 2022.

The round was led by investors Tencent and Accel and saw participation from Dragoneer and Echo Street. The fintech startup aims to use the fresh capital letter to expand its footprint in Europe. The firm hopes to have onboarded 10 one thousand thousand Europeans by 2025.

Lydia did not immediately respond to Cointelegraph's asking for comment.

The app started every bit a peer-to-peer mobile payments app and later expanded to include cashback and personal loans. The startup recently launched its stock and crypto trading services in clan with Australian crypto commutation Bitpanda. The fintech app is similar to Cash App or Venmo in terms of functionality and currently boasts 5.five million users.

Related: PayPal to offering crypto payments for merchants, limited trading on Venmo.

The popularity of crypto payments in contempo years has made fintech and mobile trading apps the biggest winners. Several mobile payment giants and fintech trading apps, such every bit PayPal, Robinhood and Venmo, have opened the gates for crypto payments for millions of users and merchants alike.

Mainstream mobile payment service providers have already joined the crypto league, and now even local payment processors are looking to banking concern on crypto's popularity. Indian mobile payment processor Paytm had recently expressed interest in crypto payments following clarity on regulations from the authorities.