Physical Money Will No Longer Exist | Cyril Chiche | Lydia | Firstminute Capital
Manage episode 355561464 series 3379379
Is cash really king? 💳 >💵
Physical coins have been around for 28 centuries. But that is all coming to an end in the next decades. During a chat at FF’s event in autumn, Cyril Chiche predicted that cash will no longer exist in the next few decades. He has seen this trend of moving away from cash for digital alternatives accelerated by Covid.
Cyril is CEO and co-founder of Lydia, a Paris-based fast-growing mobile financial services platform with over 4 Million users and a 30% market share among French Millennials, who use its brand as a verb.
Co-founded by Antoine Porte and Cyril Chiche, Lydia launched in 2013. It is one of the most successful French B2C fintech having raised over $160 million in funding from investors such as Tencent, XAnge, New Alpha, Groupe Duval, and Founders Future. He has seen this trend of moving away from cash for digital alternatives accelerated by Covid.
From cashless to contactless, what’s next?