Visa has become the preferred payment partner for fintech firms Lydia, Lunchr, and manager.one – all headquartered in France. The cards company will assign a team to work with the three fintech firms to further their development strategies. The aim is to support a quick roll-out of new functionalities.
Visa country manager in France Romain Boisson said: “We are committed to partner with Lydia, Lunchr and manager.one to deliver even more value for their users.
“Working actively with the Fintech community is aligned with our commitment in opening up our platforms and tailoring our processes to Fintech from early stage with the Visa Fast Track programme to supporting their growth through our global network.”
A mobile payment app, Lydia targets people aged below 30 years and currently has three million customers in France. The firm recently secured a €40m investment to expand its payments offering. manager.one focuses on serving entrepreneurs, independent workers, and SMBs.
manager.one co-founder Adrien Touati said that the firm intends to identify use cases and features with Visa, with whom it has collaborated since inception. Lunchr CEO and founder Loïc Soubeyrand believes that Visa will provide the scale to drive growth of the businss.
Last year, Lunchr received €30m infusion. The firm intends to use the capital to bolster the network of restaurants and shops accepting Lunchr card and app payments as well as launch new services on sharing payments on an order. The latest news comes shortly after Visa’s investment in payments firm Currency cloud.