Deal Street

African Startup Funding Tracker

$762,170,250+

*Data updated daily at 18:00 EAT

Fintech Startup LemFi Raises USD 33 M Series A Round
Fintech Startup LemFi Raises USD 33 M Series A Round

LemFi, a fintech startup providing financial services for immigrants, has raised USD 33 M in a Series A funding round led by Left Lane Capital. Notable contributors to this funding include Y Combinator, Zrosk, Global Founders Capital, and Olive Tree. The capital infusion will fuel its expansion into regions such as the United States, Europe, the Middle East, and Asia.

LemFi, allows users to swiftly onboard within minutes of residency, providing access to a multi-currency ecosystem that facilitates sending, receiving, holding, converting, and saving in the currencies of both their home country and host country. The startup offers international transfers at competitive exchange rates, without any fees for transfers or account maintenance.