Lydia introduces credit lines [TechCrunch Blog]
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Source: TechCrunch Blog
French startup Lydia announced a partnership with Banque Casino today for small credit lines. Starting tomorrow, Lydia users in France will be able to borrow as much as €1,000 in just a few seconds. While Lydia started as a peer-to-peer money transferring app, fintech startups always end up offering credit at some point. It’s hard to make money without offering some form of credit. Banque Casino is a subsidiary of Casino and Crédit Mutuel. As the name suggests, it’s a bank that can issue credit lines. Lydia has developed a seamless integration with Banque Casino so that you can instantly get money from Banque Casino. The credit feature lets you borrow between €100 and €1,000 and reimburse that credit line over three months. If you’re eligible, you’ll instantly see how much you’ll end up paying after three months. But the most interesting feature is that you can either get your money instantly on your Lydia account for a fee, or you can wait a couple of
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