Full-Time
Confirmed live in the last 24 hours
International money transfer services for immigrants
No salary listed
Senior
Houston, TX, USA
LemFi offers international money transfer services specifically designed for immigrants, allowing them to send and receive money across more than 12 African countries. The platform operates in the United States, United Kingdom, and Canada, focusing on the financial needs of the immigrant community. Users can transfer money without incurring fees when spending their own funds, making it a budget-friendly option. Additionally, LemFi features an Ambassador Programme that enables users to earn points and rewards, providing them with extra income opportunities. With over 100,000 customers, LemFi aims to transform financial services for immigrants by addressing their unique challenges in accessing financial resources.
Company Size
201-500
Company Stage
Series B
Total Funding
$86.8M
Headquarters
Oakland, California
Founded
2020
Help us improve and share your feedback! Did you find this helpful?
Remote Work Options
Flexible Work Hours
Lemfi's $53 million Series B funding round generated a 29x return for Silverbacks Holdings, highlighting the firm's success in identifying high-potential fintech startups. This significant return underscores the lucrative opportunities in the fintech sector. The funding will enable Lemfi to invest in product development, hire talent, and expand into new markets, solidifying its position in the global fintech ecosystem. Silverbacks Holdings is now seeking further opportunities in the fintech space.
LemFi is proud to announce the launch of its grants program, the LemFi Student Grant.
African startups raised $289 million in January 2025, a 240% increase from January 2024, marking the second-best January since 2019. Over 90% of the funds were from equity financing. The "Big Four" ecosystems—Nigeria, Kenya, Egypt, and South Africa—dominated, with major deals including LemFi's $53 million for expansion into Asia and Europe. This strong start signals renewed confidence in Africa's startup ecosystem, which faced funding challenges in 2023 and 2024.
LemFi raises $53 million to expand global footprint in Asia and Europe.
Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically you must use a traditional bank, which can take a week or more, or payment apps like PayPal