When was LemFi founded?

LemFi was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is LemFi located?

LemFi is headquartered in London, United Kingdom. It is registered at B7B,ST. FAITHS STREET,MAIDSTONE,KENT,ENGLAND,ME14 1LH.

How many employees does LemFi have?

As of Jun 30, 2026, the latest employee count at LemFi is 455.

Is LemFi a funded company?

LemFi is a funded company, having raised a total of $86.9M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 02, 2021.

When was the latest funding round of LemFi?

LemFi's latest funding was a $***** Series B round on May 18, 2026, with participation from 1 investor.

Where does LemFi rank among its competitors?

LemFi ranks 3rd amongst 397 active competitors, of which 55 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was LemFi, which secured an undisclosed amount in May, 2026.

Who are the top competitors of LemFi?

LemFi's top competitors include Chipper Cash, YouTrip and PaySend. Among them, LemFi secured the most recent funding round in May, 2026.

LemFi - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of global money transfer and multi-currency wallet services. It offers digital wallets that allow users to hold, convert, and send funds globally across supported regions. It enables fast and cost-efficient remittances to multiple countries, supporting transfers to bank accounts and other payout methods while offering competitive exchange rates and low or zero transfer fees. It also provides additional financial features such as virtual cards, mobile-based money management, and optional connectivity services like eSIM access for global travelers.

Website: lemfi.com/en-us/
Social
Email ID: *****@lemfi.com
Registered Address: B7B,ST. FAITHS STREET,MAIDSTONE,KENT,ENGLAND,ME14 1LH

Key Metrics

Founded Year

2020

Location

London, United Kingdom

Stage

Series B

Total Funding

$86.9M in 5 rounds

Latest Funding Round

Series B, May 18, 2026, $*****

Investors

Global Founders Capital & 13 more

Ranked

3^rd among 397 active competitors

Employee Count

455 as on Jun 30, 2026

Investment & Acquisitions

Wealth8 & 2 more

Similar Companies

YouTrip & 185 more

View LemFi's full profile

LemFi is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LEMONADE TECHNOLOGY LIMITED CIN: 12711587 , United Kingdom, Active	Jun 30, 2020	-	3 (As on Dec 31, 2023)
RIGHTCARD PAYMENT SERVICES LIMITED CIN: 9163262 , United Kingdom, Active	Aug 04, 2014	-	4 (As on Dec 31, 2022)

LemFi has raised a total funding of $86.9M over 5 rounds. Its first funding round was on Sep 02, 2021. Its latest funding round was a Series B round on May 18, 2026 for $*****. 1 investor participated in its latest round. LemFi has 14 institutional investors.

Here is the list of recent funding rounds of LemFi:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 18, 2026	3599515	Series B	5071789	3962303	8571823	5076878
Oct 03, 2024	5515553	Series B	2819496	4189608	5415874	Left Lane Capital & 3 more
Aug 24, 2023	8372379	Series A	5711219	9823112	Global Founders Capital & 1 more	Zrosk Investment Management & 2 more

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View details of LemFi's funding rounds and investors

Here are the details of LemFi's key team members:

Olalere Ridwan: Co-Founder & CEO of LemFi.
Contact Info: 1 email address

LemFi's Board of Directors

LemFi's board has 3 active members. Ridwan Akangbe Olalere and Rian Philip Cochran are part of team and Semiu Abiodun Olugbokiki is independent board member.

Here is the list of LemFi's board of directors:

Name	Type	Representing	Status	Duration
Rian Philip Cochran	Team	-	Current	3y 7m
ymuervx	Team	-	Current	4y 5m
Semiu Abiodun Olugbokiki	Independent board member	-	Current	2y 11m

View details of LemFi's Founder profiles and Board Members

LemFi's employee count trend

LemFi has 455 employees as of Jun 26. Here is LemFi's employee count trend over the years:

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Top competitors of LemFi include Chipper Cash, YouTrip and PaySend. Here is the list of Top 10 competitors of LemFi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chipper Cash 2018, San Francisco (United States), Series C	Cross-border remittance platform for individuals	$305M	Deciens Capital, Ribbit Capital & 45 others	78/100
2nd	YouTrip 2018, Singapore (Singapore), Series B	NFC-enabled travel cards and multi-currency wallet transfer service for travelers	$106M	Lightspeed Venture Partners, Insignia Ventures Partners ... Read more	75/100
3rd	LemFi 2020, London (United Kingdom), Series B	Provider of global money transfer and multi-currency wallet services	$86.9M	Highland Europe, Endeavor & 12 others	74/100
4th	PaySend 2015, Valletta (Malta), Series B	Provider of international money transfer services enabling fast, low-cost cross-border payments	$252M	Mastercard, GVA & 12 others	73/100
5th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
6th	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	70/100
7th	Taptap Send 2018, London (United Kingdom), Series B	App-based digital wallet for cross-border money transfers	$80M	Spark Capital, Canaan & 14 others	69/100
8th	Sling Money 2022, Dover (United States), Series A	Fintech platform providing a global payment solution	$20M	Ribbit Capital, Union Square Ventures & 2 others	68/100
9th	Airtm 2015, Mexico City (Mexico), Series A	Wallet for cross-border money transfers	$24.6M	IGNIA, Stellar & 9 others	66/100
10th	iBanFirst 2013, Paris (France), Acquired	Provider of cross-border payment and currency risk management solutions	$51.9M	Serena, Elaia & 4 others	65/100

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LemFi has acquired 3 companies including Wealth8, Pillar and Bureaudechangebuttercrane. LemFi has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 02, 2026	Acquisition	Wealth8	2020	London (United Kingdom)
Jun 16, 2025	Acquisition	Pillar	2021	London (United Kingdom)
Jan 30, 2025	Acquisition	Bureaudechangebuttercrane	2004	Newry (United Kingdom)