Tencent Leads $300M Round in Lydia, Focuses on “Smart Retail” Investments

French mobile payment company Lydia announced that it has closed a $45 million (40 million euro) series B round led by China’s Tencent. Existing investors CNP Assurances, XAnge and New Alpha also participated. Lydia, which is similar to Square Cash and Venmo, will use the funds to scale its mobile financial services...