Press Release

LemFi Hires Ex OPay COO For China Expansion

By  |  March 8, 2024

LemFi has announced that Allen Qu will be the new Vice President of Growth, leading the company’s expansion to China with its innovative international payment solutions. This announcement comes after LemFi recently achieved significant milestones, including the launch of its services in the United States and a USD 33 M Series A capital raise led by LeftLane Capital.

Allen Qu has led the growth of companies to unicorn status, first with Beijing-based Proptech (NASDAQ:BEKE) and later with African Fintech company OPay, a financial services subsidiary of Opera Software AS (NASDAQ: OPRA).

Ridwan Olalere, CEO & Co-Founder of LemFi, said, “We are excited to have Allen lead our expansion into China. Following his previous successes, we are confident in his contribution. His addition to the LemFi team is a significant step toward fulfilling our promise of international payments for everyone.”

Allen will utilize his professional experience to secure key partnerships, expand LemFi’s customer base in the Chinese market, and continue to innovate the product to meet the needs of this new audience.

“There are over 60 million Chinese diaspora over the world, and many of them are underserved by those traditional financial companies. As a fintech company with deep understanding of immigrants, LemFi is in a unique position to combine its know-how and state of the art technology, to bring a real change into the market” Allen said.

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