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LemFi
AddedFeb 17, 2024
UpdatedJul 3, 2026
LemFi

LemFi

Series A

Digital bank for Africans abroad, offering multi-currency accounts and fast international payments.

HQ
Oakland, CA, US
Founded
2020
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
News
Website

Founded with a mission to empower the African diaspora, LemFi is a digital bank catering specifically to immigrants in North America and Europe. The company offers multi-currency accounts, fast international payments, and other financial services designed to meet the unique needs of African immigrants. By providing these tailored banking solutions, LemFi aims to facilitate seamless financial management for individuals and businesses with ties to Africa.

LemFi has garnered attention for its innovative approach to international banking, attracting notable investors and partners committed to supporting immigrant communities. The company has achieved significant milestones, including the launch of various international payment products and global accounts. Through its impactful services, LemFi is making a substantial difference in the financial well-being of African immigrants, helping them thrive economically in their new homes while maintaining strong financial connections to their countries of origin.

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LemFi - Quick Facts

Who are LemFi's competitors?

Companies similar to LemFi include Djamo, Grey, Moneco and Afriex.

When was LemFi founded?

LemFi was founded in 2020.

Where is LemFi's headquarters located?

LemFi's headquarters is located in Oakland, CA, US.

When was LemFi's last funding round?

LemFi's most recent funding round was for $33M (USD) in August 2023.

How much has LemFi raised to-date?

As of Aug 24, 2023, LemFi has raised a total of $33.7M (USD).

How many employees does LemFi have?

LemFi has 96 employees as of Feb 5, 2024.

LemFi - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Transactional
Customer
  • Consumers
Main Product
  • Banking
  • Payments
Tags
  • Financial
  • Mobile
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice
Show 7 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 8740Management And Public Relations Services
  • 8742Management Consulting Services