LemFi moves remittances further into Asia and Europe with $53M in new funding

Quick Summary:

For many emerging market economies, remittances have become a lifeline.

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.

This growth momentum led to a Series B round led by Highland Europe, a London-based growth-stage investment firm that backs startups with more than €10 million in annualized revenues.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesChinaIndiaIrelandKenyaNigerNigeriaPakistan

Topics: Asia Africa Remittance Lemfi Fintech

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 07:55:00 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25148683

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