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
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lemonade Technology Limited
- Date of Incorporation 01 Jul, 2020
- Jurisdiction MAIDSTONE, KENT, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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Investments & Acquisitions
Bureau Buttercrane
& 1 more
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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
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $53.0M
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First Round
First Round
(02 Sep 2021)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - LemFi | Valuation | Highland Europe | |
| Aug, 2023 | Amount | Series A - LemFi | Valuation | Global Founders Capital , Zrosk Investment Management | |
| Nov, 2021 | Amount | Seed - LemFi | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth-stage consumer and enterprise technology companies are funded.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LemFi
LemFi has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bureau Buttercrane and Pillar Money. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital lending platform offering credit building loans
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2021 | ||||
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Foreign currency exchange and money transfer services are offered online.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LemFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lemfi Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals through a mobile wallet.
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| domain | founded_year | HQ Location |
Banking channel for cross border money transfers
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via an app-based wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via digital wallet.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled by an app-based digital wallet.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lemfi
Frequently Asked Questions about LemFi
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 Maidstone, United Kingdom.
Who is the current CEO of LemFi?
Olalere Ridwan is the current CEO of LemFi.
Is LemFi a funded company?
LemFi is a funded company, having raised a total of $86.85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $725K, raised on Sep 02, 2021.
What does LemFi do?
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.
Who are the top competitors of LemFi?
LemFi's top competitors include Chipper Cash, Taptap Send and WorldRemit.
How many acquisitions has LemFi made?
LemFi has made 2 acquisitions, including Bureau Buttercrane, and Pillar Money.
Who are LemFi's investors?
LemFi has 11 investors. Key investors include Microtraction, Highland Europe, Left Lane Capital, Palm Drive Capital, and Endeavor.