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LemFi

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International payments services to immigrants

Oakland, United StatesFounded 2020Fintech

Valuation $100–500M Latest valuation · 2025

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $50–100M Disclosed equity funding

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About LemFi

LemFi, previously known as Lemonade Finance, is a financial technology startup that offers international money transfer services. The company primarily serves immigrants, providing them with a platform to send and receive money across more than 12 countries in Africa. It operates in the United States, United Kingdom, and Canada, catering to the financial needs of the immigrant population in these countries.

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LemFi's business model revolves around the provision of international payment products that help immigrants manage their finances more effectively. The company does not charge any fees for spending one's own money, making it a cost-effective solution for its users. It also offers a unique Ambassador Programme where users can earn points, unlock opportunities, and redeem rewards, thereby creating an additional income stream for them.

The company has successfully attracted over 100,000 customers and continues to grow, demonstrating the demand for its services. It aims to redefine what financial services should look like for the next generation of immigrants, addressing one of the biggest hurdles they face when moving abroad - access to financial services.

In summary, LemFi is a fintech startup that provides international money transfer services, primarily catering to the immigrant population. It operates on a user-friendly business model that not only helps users manage their finances but also offers them opportunities to earn rewards.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2020
Headquarters: Oakland, United States
Employees: 451
Open positions: 21
Dealroom signal: 92.2/100
Industry: Fintech
Sub-industry: Payments, Financial Management Solutions
Sector: Fintech, YC S21
Client focus: b2c
Investment activity: 2 companies, latest Jul 2026
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

Latest news

Press, funding announcements and product moves mentioning LemFi.

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Funding history

7 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VCOther financing	May 2026	$0	—	Tether	↗
SERIES BOther financing	Jan 2025	$53M	$212M	Endeavor Catalyst · Highland Europe · Y Combinator · Palm Drive Capital	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025		—

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Growth signals

LemFi website traffic

Latest recorded traffic for LemFi is 1.1M monthly website visits, up 0% over the last three months. LemFi's team grew 22.9% over the past year.

Latest monthly visits1.1M 3-month web change0% 1-year team growth+22.9%

Monthly website visitsJan 2022–Jul 2026

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Open positions

Openings linked to this company in Dealroom

MLRO, Ireland (PCF-52)Dublin, County Dublin, Ireland · Other · Sep 4, 2026 People Lead - AfricaOakland, CA 94601, USA · Human Resources · Aug 28, 2026 Reconciliation SpecialistOslo, Norway · Other · Aug 28, 2026 Senior Reconciliation SpecialistOslo, Norway · Other · Aug 27, 2026 Staff Data ScientistLondon, England, United Kingdom · Data Science & Engineering · Aug 27, 2026 People Operations CoordinatorLondon, England, United Kingdom · Human Resources · Aug 26, 2026 Head of Credit FinanceLondon, England, United Kingdom · Finance · Aug 25, 2026 Security EngineerLondon, England, United Kingdom · Other · Aug 25, 2026

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