LemFi CEO shares origin story and lessons for founders at Pitch2Win
- Ridwan Olalere shared the origin story of LemFi at Pitch2Win, showcasing its evolution from a pre-seed idea to a Series A success.
- LemFi serves over 30 countries, allowing Africans in the diaspora to send money home, tapping into a global remittance market valued at about $800 billion.
- The startup's early design was rough, and Olalere emphasized the need to embrace imperfect circumstances during the pre-seed phase.
Ridwan Olalere's journey with LemFi illustrates the resilience and adaptability required in the startup ecosystem, especially in the competitive remittance market. His insights on starting small and learning from early mistakes are invaluable for aspiring entrepreneurs. The emphasis on financial prudence and strategic adaptation to market conditions is crucial for long-term success.
