A Nigerian remittance and payments firm that has provided significant returns for investors, highlighting the fintech sector's potential.
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.
Afriex expands to Asia to tap booming cross-border payments market
Afriex has expanded into Asia's three largest remittance markets: China, India, and Pakistan. The startup offers instant money transfers to India and Pakistan, with 90% of transactions completed in under two seconds.
LemFi Expands to Egypt, Tapping Into $29.6B Remittance Corridor
LemFi has launched its services in Egypt, focusing on the large diaspora and remittance market. Egypt received a record $29.6 billion in remittances in 2024, nearly double the previous year.
Pesa acquires UK EMI, Authoripay Emoney to begin Europe expansion
Pesa announced its acquisition of Authoripay Emoney Ltd to expand its remittance services. The acquisition will add $80 million in annual transactional volume to Pesa's platform.
Nigerian remittance startup LemFi acquires UK card issuer pillar to launch credit cards for immigrants
LemFi has acquired Pillar, a London-based credit card issuer, to integrate remittances and credit services. The acquisition allows LemFi to leverage Pillar's FCA license to bypass lengthy regulatory processes.
