LemFi

Fair, simple and accessible financial services

lemfi.com

HQ: London, England, United Kingdom

201-500

Fintech

Company research

Public company, workplace, funding, and market signals

Updated Aug 16, 2026

Overview

LemFi is a financial services company building a cross-border money and financial-app platform for immigrants and the Global South, offering international transfers, multi-currency accounts, savings, and adjacent financial tools.

Primary product

International payments and cross-border money transfer app

Founded

2020

Headquarters

London, United Kingdom

Team size

300-400

Work style

Flexible

Industry

Financial Services

Sub-industry

Cross-border payments / remittances / immigrant fintech

Offices

London, United Kingdom

Lagos, Nigeria

Los Angeles, United States

Toronto, Canada

Riga, Latvia

Oslo, Norway

Dublin, Ireland

Paris, France

Business model

transaction fees

foreign exchange spreads

Funding

Stage

Series B

Total raised

$85M

Latest round

Series B · Jan 2025

Latest amount

$53M

Series B

Jan 2025 · Highland Europe

$53M

Series A

Aug 2023 · Left Lane Capital

$33M

Pre-Seed

Aug 2021 · Y Combinator

$125K

Seed

Jan 2021

$125K

Corporate Round

Tether

People & investors

Leadership

Ridwan Olalere

Co-founder & CEO

Rian Cochran

Co-founder & CFO

Dmitry Buzdin

Chief Technology Officer

Arj Patel

Chief Operating Officer

Donal Whelan

General Manager - Ireland

Marshall Li

General Manager, Emerging Products

Leona Lu

Head of Growth, China

Shah Yousuf

Head of Bangladesh LemFi

Graham Robinson

Product Director

Investors

Global Founders Capital

Zrosk Investment Management

Work & culture

LemFi publicly signals a globally distributed, mission-driven culture focused on serving immigrant communities. Its posts emphasize leadership offsites, cross-country teamwork, and hiring for mission-critical functions.

Work style

Flexible

Compensation

No reliable public compensation bands were found in primary sources. Public job posts indicate senior, specialized hiring across multiple regions, but do not disclose pay.

Benefits

Publicly visible hiring/culture signals include global leadership offsites, distributed teams, and growth-stage hiring across engineering, product, compliance, and customer service.

Product & market

Pricing

Revenue from transaction fees and FX spreads.

Differentiators

—Built specifically for immigrants and diaspora communities
—Multi-currency accounts plus transfers in one app
—Expansion across multiple send-from and send-to corridors
—Localized support for multiple languages and markets
—Regulated expansion through licenses, acquisitions, and local partnerships
—Recent move into savings/wealth and other adjacent products

Technology

redis

java

vwo

looker

salesforce marketing cloud

snowflake

github

new relic

canva

salesforce

microsoft office

codility

postman

braze

google sheets

wechat

figma

apache kafka

confluence

Customers

Immigrants and diaspora communities

Global South customers sending or saving money across borders

Users in send-from markets such as the US, UK, Canada, Europe and send-to corridors in Africa and Asia

Competitors

Wise

Remitly

WorldRemit

Zepz

Taptap Send

Nala

Abound

Scale & contact

Estimated revenue

$100M-$150M

Estimated monthly visits

1.1M

Traffic estimate as of Jun 2026

Signals & risks

Other

Nov 2024

LemFi was reportedly shut down by regulators in Ghana in November 2023 for alleged illegal activity, then later returned to business in the country.

Source

Other

Jan 2025

LemFi expanded via acquisition of a Republic of Ireland-based firm to support European operations, indicating active M&A-led growth rather than distress.

Source

Other

Jul 2026

LemFi acquired Wealth8, an FCA-regulated investment platform, to expand into wealth/investments.

Source

Latest news

We've partnered with BVNK to rebuild the rails of the diaspora economy

LemFi Blog · Jul 2026

LemFi announced a partnership with BVNK to move cross-border settlements onto regulated stablecoin rails.

LemFi Acquires Wealth8

FinSMEs · Jul 2026

Reported LemFi’s FCA-approved acquisition of Wealth8, marking expansion from remittances into investing/wealth products.

Tether Invests in LemFi to Power Stablecoin-Driven Remittances Across Emerging Markets

LemFi Blog · May 2026

LemFi announced a strategic investment from Tether to support stablecoin-driven remittances across emerging markets.

Dmitry Buzdin promoted to Chief Technology Officer (CTO) at LemFi

LemFi Blog · Feb 2026

Primary company source confirming Dmitry Buzdin’s promotion to CTO.

We secured $53M in Series B funding

LemFi Blog · Jan 2025

Official announcement of LemFi’s $53M Series B led by Highland Europe; said total funding reached $85M and that the company served 1M+ customers across 20+ countries.

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SourcesLemFi website LemFi LinkedIn company page LemFi support center LemFi blog/news room TechCrunch: Inside LemFi’s play to be fintech to the Global South diaspora TechCrunch: LemFi moves remittances further into Asia and Europe with $53M in new funding Highland Europe press release on LemFi Series B PR Newswire: LemFi Raises $33 Million

Jobs and careers at LemFi

19 jobs at LemFi

AML Operations Analyst

Remote

Operations

Nigeria

3d ago

Remote

Full-time