LemFi Raises $53M Series B to Expand Immigrant Remittance Platform Across Europe and Asia

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.