LemFi
Founded Year
2020Stage
Series B | AliveTotal Raised
$86.86MLast Raised
$53M | 9 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+49 points in the past 30 days
About LemFi
LemFi offers international payment solutions. It offers services such as international money transfers, multi-currency accounts, and cross-border card transactions. It serves the immigrant population, facilitating financial transactions across borders. It was formerly known as Lemonade Finance. It was founded in 2020 and is based in the Maidstone, United Kingdom.
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LemFi's Product Videos
ESPs containing LemFi
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The P2P (peer-to-peer) cross-border payments platforms market facilitates the direct transfer of funds between consumers located in different countries. Some providers specialize in remittances more broadly, while others target money movement between specific countries. Most offer accounts where users can hold their money as well.
LemFi named as Challenger among 15 other companies, including PayPal, Wise, and Zepz.
LemFi's Products & Differentiators
Digital Wallets
We provide users with wallets/accounts in both their country of origin (ie Ghana, NG, KE) as well as their country of residence (NA, Europe)
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Research containing LemFi
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned LemFi in 2 CB Insights research briefs, most recently on Dec 14, 2023.
Dec 14, 2023
Cross-border payments market map
Oct 3, 2023 report
Fintech 100: The most promising fintech startups of 2023Expert Collections containing LemFi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
LemFi is included in 2 Expert Collections, including Payments.
Payments
3,198 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech 100
100 items
Latest LemFi News
Jul 9, 2025
Getty Images Egypt received a record $29.6 billion in remittances in 2024, nearly doubling the previous year’s figure Staff Writer, Arab Finance PHOTO Arab Finance: London-based fintech LemFi has launched of its international payment services in Egypt, targeting one of Africa’s largest remittance corridors, as per a press release. The expansion aims to serve Egypt’s sizable diaspora by offering low-cost and reliable money transfers from key markets including the United States, Canada, the United Kingdom, and Europe. Egypt received a record $29.6 billion in remittances in 2024, nearly doubling the previous year’s figure. In 2023, remittances accounted for 6.11% of the country’s gross domestic product (GDP), reflecting their critical role in supporting the national economy. LemFi’s entry into Egypt builds on its existing presence in North Africa, where it already serves the Moroccan and Tunisian diasporas. The move aligns with broader trends in digital payments adoption across the region and responds to growing demand from skilled Egyptian workers and residents abroad seeking efficient ways to support their families at home. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here . © ZAWYA 2025 ZAWYA NEWSLETTERS Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox. Subscribe to our newsletters:
LemFi Frequently Asked Questions (FAQ)
When was LemFi founded?
LemFi was founded in 2020.
Where is LemFi's headquarters?
LemFi's headquarters is located at Saint Faiths Street, Kent, Maidstone.
What is LemFi's latest funding round?
LemFi's latest funding round is Series B.
How much did LemFi raise?
LemFi raised a total of $86.86M.
Who are the investors of LemFi?
Investors of LemFi include Y Combinator, Left Lane, Silverbacks Holdings, Highland Europe, Palm Drive Capital and 10 more.
Who are LemFi's competitors?
Competitors of LemFi include Chipper Cash and 2 more.
What products does LemFi offer?
LemFi's products include Digital Wallets and 3 more.
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Compare LemFi to Competitors
Zepz is a company in the financial technology sector that facilitates international payments. It provides digital solutions for sending money across borders, including options for bank deposits, cash collections, and mobile money services. Zepz serves the ecommerce industry by offering online money transfers. The company was formerly known as WorldRemit. It was founded in 2021 and is based in London, United Kingdom.
KiaKiaFX is an online platform that allows users to buy and sell foreign exchange from their home or office via a computer, smartphone, or tablet. It specializes in foreign exchange (FX) transfers, FX intermediation, consulting, and more. The company was founded in 2017 and is based in London, United Kingdom.
Stax is a company that focuses on financial services, specifically in the domain of money transfers and bill payments. The company offers a simple and secure platform for transferring money, buying airtime, and paying bills without the need for internet connection or dialling USSD codes. Stax primarily serves the financial sector, with a particular emphasis on providing services to individuals and businesses in Africa. It was founded in 2020 and is based in Nigeria.
SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. The company offers a platform for messaging, standards for communication, and a range of products and services designed to enable access and integration, facilitate identification and analysis, and ensure regulatory compliance across the financial industry. SWIFT primarily serves banking and securities organizations, market infrastructures, and corporate customers in the financial sector. It was founded in 1973 and is based in La Hulpe, Belgium.
Rho focuses on providing financial services and operates within the finance and technology sectors. The company offers a financial platform that includes services such as commercial banking, corporate cards, expense management, and accounts payable automation. Rho primarily serves organizations looking to manage their finances. Rho was formerly known as Rho Business Banking. It was founded in 2018 and is based in New York, New York.
SUNRATE offers a global payment and treasury management platform that operates in the financial services industry. The company offers solutions for international payments, commercial card issuance, and treasury management, designed to facilitate cross-border transactions and manage financial risks. SUNRATE primarily serves businesses engaged in B2B trade, e-commerce, and online travel. It was founded in 2016 and is based in Singapore.
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