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 Sep 30, 2026, the latest employee count at LemFi is 471.

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 4th amongst 523 active competitors, of which 57 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 Taptap Send, Chipper Cash and YouTrip. Among them, LemFi secured the most recent funding round in May, 2026.

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

LemFi is a series B company based in London (United Kingdom), founded in 2020 by Rian Cochran. It operates as a Provider of global money transfer and multi-currency wallet services. LemFi has raised $86.9M in funding from investors like Global Founders Capital, Highland Europe and Left Lane Capital. The company has 523 active competitors, including 57 funded and 11 that have exited. Its top competitors include companies like Taptap Send, Chipper Cash and YouTrip.

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 & 14 more

Ranked

4^th among 523 active competitors

Employee Count

471 as on Sep 30, 2026

Investment & Acquisitions

Wealth8 & 2 more

Similar Companies

YouTrip & 282 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	Reports
RIGHTCARD PAYMENT SERVICES LIMITED CIN: 9163262 , United Kingdom, Active	Aug 04, 2014	-	4 (As on Dec 31, 2022)
LEMONADE TECHNOLOGY LIMITED CIN: 12711587 , United Kingdom, Active	Jun 30, 2020	-	3 (As on Dec 31, 2023)

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 15 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	6581406	Series B	6021625	7955203	1463773	9513176
Oct 03, 2024	2043329	Series B	9410062	2109040	6026489	Left Lane Capital & 3 more
Aug 24, 2023	3726822	Series A	5861357	6296480	Global Founders Capital & 1 more	Zrosk Investment Management & 2 more

Access funding benchmarks and valuations. Sign up today!

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. 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 9m
jtwiwsl	Team	-	Current	7y 8m
Semiu Abiodun Olugbokiki	Independent board member	-	Current	3y 1m

View details of LemFi's Founder profiles and Board Members

LemFi's employee count trend

LemFi has 471 employees as of Sep 26. Here is LemFi's employee count trend over the years:

Uncover LemFi's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of LemFi include Taptap Send, 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	Taptap Send 2018, London (United Kingdom), Series B	App-based digital wallet for cross-border money transfers	$80M	Spark Capital, Canaan & 14 others	78/100
2nd	Chipper Cash 2018, San Francisco (United States), Series C	Cross-border remittance platform for individuals	$305M	Deciens Capital, Raptor Group & 45 others	77/100
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	$86.9M	Highland Europe, Global Founders Capital ... & 13 others	74/100
5th	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
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	nsave 2022, London (United Kingdom), Series A	Multi-currency accounts and investment service provider	$22.5M	TQ Ventures, Y Combinator & 10 others	71/100
8th	Telcoin 2013, Los Angeles (United States), Seed	Wallet-enabled cross-border payment solution for consumers	$35M	East Ventures, Skyblock Capital & 5 others	70/100
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	Airtm 2015, Mexico City (Mexico), Series A	Wallet for cross-border money transfers	$24.6M	IGNIA, Stellar & 9 others	66/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on LemFi's competitors? Click here to see the top ones

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)
May 2025	Acquisition	Pillar	2021	London (United Kingdom)
Jan 30, 2025	Acquisition	Bureaudechangebuttercrane	2004	Newry (United Kingdom)