LemFi Raises $33 Million to Foster Remittance

LemFi is a financial technology product registered under Lemonade Technology Limited in Canada. The fintech product is regularized by the Financial Transactions and Report Analysis Centre of Canada as a Money Service Business. They aid simple international money transfer through a mobile application and boast of over 500,000 customers.

Source: Ridwan

As announced by LemFi’s Co-founder Ridwan, the company has completed a series A funding round of $33 million USD to increase product offerings. On the company’s website, they reportedly offer up to 15 different currency accounts including Nigeria, Ghana etc.

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