London fintech LemFi raises $53M to expand money transfer services for immigrants globally.

London-based fintech LemFi secured $53 million in funding to expand its services for immigrant communities. The company helps users send money to emerging markets at competitive prices and has grown to over 1 million users since 2021. LemFi plans to use the funds to enter new countries and enhance its payment network. The startup aims to provide reliable financial services to immigrants, addressing the shortcomings of traditional banks and agents.

2 months ago
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