In September 2015, Credit Mutual Arkia bought an 86 percent stake, while the online fundraising startup was the best and claimed 15 million users worldwide (April 2014 figures). Today, competition is becoming more and more important, with the company’s model becoming the sinkhole of 6 3.6 million by 2020 alone.
In the recorded information Echoing, We understand that the French banking insurance group will force the Dutch bank to find a buyer for Lychee and to acquire a majority stake in the company. One step back to Fintech, a real change in strategy.
How did the lychee get into this? In three years, Credit Mutual Arkia will lose 6. 6.7 million, having invested 60 60 million five years ago to make decision-making power.
New players’ mistake, In neobanks and online banks Especially in the. The principle of an online pot can be quickly copied elsewhere. Banking institutions with multiple sources of income were offered their fundraisers in full and generously without asking customers to register for a third party service.
Lychee has come up with a formula to please users who want to donate for a birthday, an event, a trip … without having to pay a commission of 1.9 to 4% for everything that is normally requested. But adoption was not enough.
The change in Credit Mutual Arca’s strategy does not end there, and the group will move away from Fintech Mangope, which is dedicated to online payment and marketing solutions for businesses.
Echoing Julian Carmona, the new president of the Mutualist Group, was quoted as saying “Analyze portfolio and strategy” Against the backdrop of new opportunities in Fintech Landscape. In other words, Credit Mutual Arkia does not want to give up new innovative startups. To the eye of the beholder, be careful not to invest in another financial abyss.
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