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Payments between friends: how the Pumpkin app lost the race against Lydia and Paylib


This start-up, bought in 2017 by Crédit Mutuel Arkéa, which allows direct reimbursement between individuals, will stop its activities and

“I make you a Lydia?

"No, I have Pumpkin!"

The question has often arisen when it comes to doing the accounts during aperitifs and dinners with friends, the two start-ups offering a similar system of reimbursements between individuals.

The era of cash and bank transfers is over: one click, after entering your phone number, these applications allow you to transfer money from one virtual wallet to another.

All for free.

But in this long-term duel, it was Lydia who ended up winning: Crédit Mutuel Arkéa, owner of the fintech, confirmed that it wanted to close Pumpkin, a priori at the end of the year.

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Source: leparis

All business articles on 2022-08-10

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