About LemFi
LemFi is a company based in Maidstone (United Kingdom) founded in 2020 by Rian Cochran. LemFi has raised $86.85 million across 4 funding rounds from investors including Microtraction, Highland Europe and Left Lane Capital. LemFi has completed 2 acquisitions, including Bureau Buttercrane and Pillar Money. LemFi operates in a competitive market with competitors including MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
- Headquarter Maidstone, United Kingdom
- Founders Rian Cochran
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Lemonade Technology Limited
- Date of Incorporation 01 Jul, 2020
- Jurisdiction MAIDSTONE, KENT, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$86.85 M (USD)
in 4 rounds
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Latest Funding Round
$53 M (USD), Series B
Oct 03, 2024
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Investors
Microtraction
& 10 more
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Employee Count
Not available
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Investments & Acquisitions
Bureau Buttercrane
& 1 more
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People of LemFi
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Product Management Team
6 people
Software Development Team
5 people
Legal and Compliance
4 people
Customer Team
4 people
Finance and Accounting
4 people
Head Team
3 people
Human Resources and Administration
3 people
Data Analysis and Operations Team
2 people
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Funding Insights of LemFi
LemFi has successfully raised a total of $86.85M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $53 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in LemFi
LemFi has secured backing from 11 investors, including venture fund investors. Prominent investors backing the company include Microtraction, Highland Europe and Left Lane Capital.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage consumer and enterprise technology companies are funded.
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Investments are directed toward high-growth consumer and internet technology companies.
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Venture capital investment firm
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Investor details for LemFi
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by LemFi
LemFi has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bureau Buttercrane and Pillar Money.
Investment portfolio details for LemFi
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital lending platform offering credit building loans
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Locked | Locked | 2021 | Locked | |
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Foreign currency exchange and money transfer services are offered online.
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Locked | Locked | 2004 | Locked |
Complete acquisition details for LemFi
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - LemFi
Detailed financials for LemFi
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Lemfi Comparisons
Peer comparison for LemFi
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
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Competitors of LemFi
LemFi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, Chipper Cash, WorldRemit, Wave Systems and PaySend, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Cross-border remittances are enabled for individuals through a mobile wallet.
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Banking channel for cross border money transfers
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Cross-border money transfers are enabled via an app-based wallet.
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Cross-border money transfers are enabled via digital wallet.
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Cross-border money transfers are enabled by an app-based digital wallet.
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Detailed competitors of LemFi
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Lemfi
Complete news archive for LemFi
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about LemFi
LemFi was founded in 2020 and raised its 1st funding round 1 year after it was founded.
LemFi is headquartered in Maidstone, United Kingdom.
Olalere Ridwan is the current CEO of LemFi.
LemFi is a funded company, having raised a total of $86.85M across 4 funding rounds to date.
LemFi was founded in 2020 and is based in Maidstone, United Kingdom. Operations focus on the fintech sector, where a platform is provided for cross-border money transfers. Users are supported in sending and receiving funds, with virtual accounts offered in their country of residence and origin. Services cater to personal and business banking requirements across multiple geographies.
LemFi's top competitors include Chipper Cash, Taptap Send and WorldRemit.
LemFi has made 2 acquisitions, including Bureau Buttercrane, and Pillar Money.
LemFi has 11 investors. Key investors include Microtraction, Highland Europe, Left Lane Capital, Palm Drive Capital, and Endeavor.