African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
LemFi Plans Future Expansions with $53 Million Series B Funding Raise
LemFi raised $53 million in funding. The platform processes $1 billion in monthly transaction volume.
LemFi moves remittances further into Asia and Europe with $53M in new funding
Remittances inflows surpassed $669 billion in 2023. LemFi secured $53 million in new funding to expand operations.
Sendsprint expands to the US with Nobel Financial Inc. acquisition
Sendsprint acquires Nobel Financial Inc. to expand its services in the US. The acquisition enables Sendsprint to offer money transfers and gift-sending from customers in 16 US states.
LemFi Expands Global Reach: Empowering Latin American Diaspora with Innovative Financial Solutions
LemFi is expanding its services to the Latin American diaspora market, beginning with Brazil and Mexico. The company aims to provide reliable, swift, and cost-effective financial services to Latin American immigrants in North America and Europe.
