LemFi, a fintech platform for immigrants, raised $33M in Series A funding to expand to the US, Europe, Middle East, and Asia. The round was led by Left Lane Capital with participation from Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree.
The company provides financial services to migrant communities around the world, including low-cost remittance payments and e-money accounts. It was founded in 2020 by Ridwan Olalere and Rian Cochran, and it has quickly expanded to Canada, the UK, and 10 African countries. LemFi plans to use the new funding to expand its product offerings and innovate on new ways to serve its users. It is a valuable resource for immigrants who need financial services that are tailored to their needs.
