Lemfi Secures $53M Series B Funding to Expand Into Europe and Launch Global Services
- Lemfi secured $53 million in Series B funding.
- The startup plans to expand into Europe through the acquisition of a European company.
- Highland Europe led the funding round, with participation from Endeavor Catalyst, Left Lane Capital, Palm Drive Capital, and Y Combinator.
Lemfi's aggressive expansion strategy and significant funding highlight the growing demand for remittance services among African immigrants, particularly in Europe and major Asian markets. This growth trajectory suggests a promising future for the company, especially with its focus on localized services and strategic partnerships.
