BREAKING: LemFi expands to Europe. The journey so far.
- LemFi officially launched its services in Europe on January 8, 2025, targeting Nigerians living in Italy, France, and Spain.
- The startup has raised over $60 million in funding to support its expansion and operations.
- LemFi partnered with Modulr Finance B.V. to facilitate its European launch, leveraging Modulr's e-money issuer license.
LemFi's aggressive expansion strategy and focus on underserved markets highlight the growing demand for efficient remittance solutions. As the company continues to innovate and adapt to the needs of diverse immigrant communities, it is well-positioned to capture significant market share in the remittance industry. However, it will be crucial for LemFi to navigate regulatory challenges and competition in the rapidly evolving fintech landscape.
