LemFi Could Raise Additional €30M Fundinh In Series B Round

If completed, the extension would add to its $53 million Series B funding raised in January 2025, led by Highland Europe with participation from Left Lane Capital, Palm Drive Capital, and Y Combinator.

The additional raise would take the company’s total funding to around $120 million since 2021.

Founded as Lemonade Finance, LemFi operates a cross-border payments platform enabling immigrants to send and receive money internationally, with services available in the US, Canada, and the UK.

Read Also - LemFi is reportedly planning a €30 million extension to its Series B round, according to Tech Funding News, based on sources familiar with the matter.

The company has recently expanded beyond remittances, introducing savings products in the UK and strengthening its credit capabilities through the acquisition of UK fintech Pillar.

LemFi has also obtained regulatory approvals in Canada and Australia as it pursues global expansion. The firm is increasingly focused on building a multi-product financial ecosystem covering payments, multi-currency accounts, and credit while exploring the use of USD₮ as a settlement layer to enable faster, lower-cost cross-border transactions across key corridors in Africa and Asia. Led by CEO Ridwan Olalere, it now serves over 2 million customers worldwide.

About LemFi

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