The film will begin shooting in 2024, with James set to produce alongside 20th Century and Ethea.
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Lily James will produce alongside producer duo Jennifer Gibgot and Andrew Panay.
Rachel Lee Goldenberg is directing the film from a script written by herself, Bill Parker and Kim Caramele.
Whitney Wolfe Herd and Lily JamesGetty Images
Wolfe Herd famously left Tinder, after co-founding the dating app, in 2014.
She went on to launch competitor Bumble that same year.
Casting of other roles is already under way and the film is expected to be released in 2025.
