As money is a sensitive matter, Lydia is legally required to make some checks.The Banque de France's ACPR (namely "Autorité de Contrôle Prudentiel et de Résolution") makes this very clear.
Minimal requirements on sign-up 😇
Lydia is made to simplify stuff. Therefore, we reduced identification requirements to a very minimum when creating your account. You won't need to provide anything apart from your name and phone number. There will however be certain limits to your use of the app.
Advanced requirements after a limit 🕵️♂️
This is simply a legal requirement to enjoy the very best of Lydia — of course, no personal information provided will be used.
Proving where the money comes from 💰
In some very rare and specific cases, we will be legally obliged to ask you for a document proving the origin of funds coming into your Lydia account. This is notably the case for very important or unusual sums.