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# LemFi Raises $53M Series B to Expand Immigrant Remittance Platform Across Europe and Asia
- URL: https://www.theglobalbanker.com/lemfi-raises-53m-series-b-expand-remittance-europe-asia/
- Published: 2025-01-14T12:53:00.000Z
- Updated: 2026-10-02T14:37:51.000Z
- Description: Nigerian-founded remittance fintech LemFi closed a $53M Series B led by Highland Europe, bringing total funding to $85M as it targets European and Asian market expansion.
- Author: TGB Editorial Team
- Tags: Fintech, Europe, Africa, #archive

LemFi, the immigrant-focused remittance platform with roots in Nigeria, raised $53 million in a Series B funding round led by Highland Europe, the company announced on 14 January 2025\. The raise brings LemFi's total funding to $85 million, and the company plans to expand across new payment corridors in Europe and Asia.

The platform currently processes one billion dollars in monthly transactions. LemFi serves customers across 27 send-from markets and 20 destination countries. 

#### HIGHLAND EUROPE LEADS GROWTH ROUND

Highland Europe, a growth-stage technology investor, led the Series B alongside existing and new investors. LemFi began its European build-out through a partnership with Modulr and an Irish licence it expected to secure after acquiring a Republic of Ireland-based firm. 

Beyond Europe, LemFi plans to scale its payment network licences and partnerships to provide hyper-localised services, including in its fast-growing Asian corridors.