LemFi

Send money home to Africa from the US, UK, and Canada

LemFi (formerly Lemonade Finance) enables African diaspora in the US, UK, and Canada to send money home to Nigeria, Ghana, and Kenya instantly and cheaply. Uses a multi-currency wallet model rather than traditional remittance corridors. One of the fastest-growing remittance fintechs targeting the African diaspora.

Facts about LemFi

Company type: Fintech
Funding stage: Series A
Founded: 2020
Founders: Ridwan Olalere, Rian Cochran
Headquarters: Toronto, Canada / Lagos, Nigeria
Markets: 🇳🇬Nigeria🇬🇭Ghana🇰🇪KenyaPan-African
Total disclosed funding: $33M+
Valuation: Undisclosed
Key investors: Highland Europe, Left Lane Capital, Palm Drive Capital, Y Combinator, Global Founders Capital, Zrosk, Olive Tree