LemFi, the trusted financial services platform designed for …

1 day ago · LemFi is transforming how immigrant communities access financial services, starting with international remittance and payments to ease financial hurdles The platform enables …

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LemFi, Financial Services Platform Designed For Immigrants, Secures …

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2 days ago · The new round brings LemFi’s total capital raised to $85 million to date. Founded in 2021, LemFi is building the trusted financial services platform for immigrant communities …

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LemFi Secures $53M To Expand Cross-Border Remittance Services …

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2 days ago · The platform differentiates itself with competitive exchange rates, zero transaction fees, and instant transfers, aiming to address the high costs and delays commonly associated …

fintechmagazine.africa

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LemFi Secures $53M To Expand Remittance Services For Immigrants …

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LemFi, a London-based fintech platform catering to immigrants, has raised $53 million in a Series B funding round to scale its operations, expand into new markets, and enhance its remittance …

techpression.com

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LemFi Secures $33 Million To Empower Immigrants - TechPression

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Aug 27, 2023 · LemFi, a fintech platform committed to transforming financial services for immigrants announced a significant milestone in its ongoing efforts.

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Financial Platform For Immigrants, LemFi, Raises $53 Million

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1 day ago · LemFi, a financial services platform for immigrant communities, has raised $53 million in a Series B funding round led by Highland Capital.

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Fintech Startup LemFi Raises $53M To Help Immigrants Send Money …

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1 day ago · Founded in 2021, the financial services platform enables diaspora communities in North America and Europe to quickly and affordably send money to friends and family in …

thenextweb.com

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LemFi, The Trusted Financial Services Platform Designed For …

2 weeks from now

1 day ago · The new round brings LemFi’s total capital raised to $85 million to date. Founded in 2021, LemFi is building the trusted financial services platform for immigrant communities …

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FAQs about LemFi, the trusted financial services platform designed for … Coupon?

Is lemfi a private company?

Some of these challengers, like Remitly, have gone public, while others, such as Zepz and Taptap Send, remain privately owned — all vying for the remaining share. LemFi, the London-based financial services platform designed for immigrants, is one such new player. ...

What will lemfi do with funding?

LemFi will use the funding to extend its offerings, scale its payment network licenses and partnerships to provide hyper-localized service, and recruit talent for its next growth phase. The firm currently has more than 300 employees across Europe, North America, Africa, and Asia. ...

Who is lemfi backed by?

LemFi is backed by leading investors who share the same vision as us. Meet some of our team members... Our team is over 200+ strong. We combine experience of experts from some of the leading financial services and fintech companies—with high-growth technology companies. This combination gives us a special edge to give you the best service. ...

How does lemfi make money?

With this move, LemFi — whose revenue comes from transaction fees and foreign exchange spreads — now operates in 27 send-from markets and 20 send-to countries. One way the company has gained traction is through aggressive fraud detection. ...

Does lemfi have a partner with Modulr?

Last week, the company expanded into Europe by partnering with embedded finance provider Modulr. This partnership will help LemFi kickstart operations until it secures its license next month after acquiring a Republic of Ireland-based firm. ...

How much did lemfi make in 2023?

When we reported on LemFi’s expansion into Asia and its broader strategy last April, Olalere revealed that the fintech recorded over $2 billion in annual transaction volume in 2023. Fast-forward to now, and the remittance platform is processing half that — $1 billion — in monthly payment volume, Olalere told TechCrunch in a recent interview. ...