Lydia announced extending its Series B round with an additional $86M led by Accel.

Lydia, a Paris, France-based operator of a mobile financial services platform, announced completing a funding round of $86 million.

The money was raised from investors led by Accel and is an extension to the series B announced at the beginning of 2020.

All major existing shareholders actively participated in the round.

Proceeds will be used for accelerating growth and expansion into becoming the one-stop shop for all the financial needs of the mobile generation.

Amit Jhawar, the former General Manager of Venmo and Accel venture partner, led the investment for Accel and will join the Board of Directors.

Lydia, founded in 2013 by CEO Cyril Chiche and Antoine Porte, provides mobile payment solutions to individuals and businesses. The company has over 4 Million users and a 30% market share among French Millennials, who use its brand as a verb.