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 Apr 30, 2026, the latest employee count at LemFi is 438.

Is LemFi a funded company?

LemFi is a funded company, having raised a total of $86.8M 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 4th amongst 398 active competitors, of which 56 are funded. It stands 6th 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 Airwallex, Chipper Cash and YouTrip. 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

$86.8M in 5 rounds

Latest Funding Round

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

Investors

Global Founders Capital & 13 more

Ranked

4^th among 398 active competitors

Employee Count

438 as on Apr 30, 2026

Investment & Acquisitions

Pillar & 1 more

Similar Companies

Airwallex & 183 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 $86.8M 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	6941314	Series B	5293706	6203664	8763741	2667735
Oct 03, 2024	1992373	Series B	6095126	9162774	6604936	Left Lane & 3 more
Aug 24, 2023	3348381	Series A	8348658	2008440	Global Founders Capital & 1 more	Zrosk Investment Management & 2 more

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View details of LemFi's funding rounds and investors

The founders of LemFi is Rian Cochran. Olalere Ridwan is the CEO of LemFi.

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

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

LemFi's Board of Directors

LemFi's board has 3 active members. Rian Philip Cochran and Ridwan Akangbe Olalere 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 5m
nqbitvb	Team	-	Current	3y 9m
Semiu Abiodun Olugbokiki	Independent board member	-	Current	2y 9m

View details of LemFi's Founder profiles and Board Members

LemFi's employee count trend

LemFi has 438 employees as of Apr 26. Here is LemFi's employee count trend over the years:

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Top competitors of LemFi include Airwallex, Chipper Cash and YouTrip. 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	Airwallex 2015, San Francisco (United States), Series G	Provider of multi-currency business accounts, global payments, and spend management	$1.58B	Lone Pine Capital, Tencent & 41 others	82/100
2nd	Chipper Cash 2018, San Francisco (United States), Series C	Cross-border remittance platform for individuals	$305M	Deciens Capital, Ribbit Capital & 45 others	78/100
3rd	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
4th	LemFi 2020, London (United Kingdom), Series B	Provider of global money transfer and multi-currency wallet services	$86.8M	Endeavor, Global Founders Capital & 12 others	74/100
5th	PaySend 2015, Valletta (Malta), Series B	Provider of online platform facilitating international money transfers and related services	$252M	Mastercard, GVA & 11 others	73/100
6th	bKash 2011, Dhaka (Bangladesh), Series C	Mobile financial services and payment system for consumers	$261M	SoftBank Vision Fund, Alipay & 3 others	73/100
7th	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	70/100
8th	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
9th	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
10th	Neema 2013, Tel Aviv (Israel), Seed	Mobile wallet app provider to send money cross borders.	$370K	Y Combinator, Script Capital & 5 others	67/100