Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Paris-based fintech company Lydia Solutions has just finalised a new fundraising of $103 million (€89 million) to fund its development and has announced to recruit 800 employees over the next three years. The company has developed Lydia, an application for paying, sending and receiving money with a smartphone. It offers many financial services and aims to expand in Europe. The goal is to become the main account of 10 million Europeans by 2025. Currently, Lydia Solutions has 150 employees.
Eurofound (2021), Lydia Solutions, Business expansion in France, factsheet number 106042, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106042.