A Nigerian remittance and payments firm that has provided significant returns for investors, highlighting the fintech sector's potential.
African remittance startups to watch in 2026
Africans abroad sent home $56 billion in remittances to Sub-Saharan Africa in 2024. LemFi reported handling over $1 billion in monthly payment volume and processing over $2 billion in total transactions in 2023.
Why Are Remittance Startups Ignoring the Countries That Need Them Most?
Sub-Saharan Africa received $56 billion in remittances in 2024. The Gambia relies on remittances for over 21% of its GDP, while Lesotho and Comoros also have high remittance-to-GDP ratios.
LemFi powers remittance to the Phillipines with GCash partnership
LemFi partners with GCash to streamline international remittances to the Philippines. Filipinos in North America and Europe can send money directly to GCash wallets.
Meet the ex-comedy star who built a fintech to tackle Australia’s $2B remittance problem
Chibuike Uzoukwu received seven bank closure letters on the same day, affecting all his accounts. Uzoukwu's content monetisation business was thriving, managing over 1,800 creators and facilitating significant payments.
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.
