About LemFi
LemFi is a Financial Services company based in Maidstone (United Kingdom) founded in 2020 by Rian Cochran. Cross-border payments are enabled for sending and receiving money internationally. LemFi has raised $86.85 million across 5 funding rounds from investors including Microtraction, Highland Europe and Left Lane Capital. LemFi has completed 3 acquisitions, including Bureau Buttercrane, Pillar Money and Wealth8. Its chief executive, as recorded, is Olalere Ridwan. Its website lemfi.com draws about 1.3 million monthly visits. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its legal entity is LEMONADE TECHNOLOGY LIMITED. Its competitors include WorldRemit and Taptap Send; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Maidstone, United Kingdom
- Founders Rian Cochran
- SectorsFinancial Services
- Website category Finance · Banking Credit and Lending
- Email••••••••
- Website lemfi.com/en-us
- Social LinkedIn X Facebook
- Legal Name Lemonade Technology Limited
- Date of Incorporation 01 Jul, 2020
- Jurisdiction MAIDSTONE, KENT, ENGLAND
- Total Equity Funding$86.85M (USD)
in 5 rounds
- InvestorsMicrotraction
& 11 more
- Investments & AcquisitionsBureau Buttercrane
& 2 more
Funding Insights of LemFi
LemFi has successfully raised a total of $86.85M across 5 strategic funding rounds. 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 $86.85M
- Total Rounds 5
- First Round $125,000
(Sep 2021)
- Investors Count 12
All 5 funding rounds of LemFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2026 | Series B | – | – | ||
| Oct 2024 | $53M | Series B | – | Highland Europe | |
| Aug 2023 | $33M | Series A | – | Global Founders Capital, Zrosk Investment Management | |
| Nov 2021 | $725,000 | Seed | – | – | |
| Sep 2021 | $125,000 | Seed | – | – |
12 investors in total: 12 institutional.
Investors in LemFi
LemFi has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Microtraction, Highland Europe and Left Lane Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth-stage consumer and enterprise technology companies are funded. | highlandeurope.com | London, United Kingdom | ||
Investments are directed toward high-growth consumer and internet technology companies. | leftlane.com | Brooklyn, United States | ||
Venture capital investment firm | palmdrive.vc | New York, United States | ||
Endeavor is focused on supporting high-impact entrepreneurs globally. | endeavor.org | New York, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Venture capital fund focused on early-stage startups | zrosk.com | Lagos, Nigeria | ||
Venture capital firm investing in the healthcare sector | otv.vc | Tel Aviv, Israel | ||
Early-stage investments in African tech startups are provided by Microtraction. | 2017 | microtraction.com | Lagos, Nigeria | |
Venture capital investments in African companies addressing innovation and infrastructure needs. | venturesplatform.com |
Investor details for LemFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of LemFi
42 people are tracked at LemFi (13 in leadership, 1 in board & advisors, 28 in team).
| Name | Role | Group |
|---|---|---|
Rian Cochran | Co-Founder | Leadership |
Olalere Ridwan | CEO | Leadership |
Fisayo Olowo | Head - Customer Experience | Leadership |
Daiyaan Alam | Head Of South Asia | Leadership |
Philip Daniel | Head Of Global Expansion & Growth | Leadership |
Luke Mellor | Head Of Talent Acquisition | Leadership |
Afeez Ajigbotosho | Head of Product | Leadership |
Rebeca Skjerven (Wignall) | Chief Legal And People Officer | Leadership |
Janine Ross CAMS | Head Of Global Compliance | Leadership |
Lola (Doyinsola) Obileye (LL.B, MCIPD, MCMI) | HR Business Partner/Operations Lead | Leadership |
Heorhii Liapkalo | Head of Finance and Business Analytics | Leadership |
Ridwan Olalere | Chief Executive Officer | Leadership |
Oyinkansola (Folarin) Emmanuel | Head of People & Culture | Leadership |
David Akporehe | Non Executive Director | Board & advisors |
Stephen Onivefu | Teamlead - Customer Support | Team |
Jacqueline Fofah | Lead, Customer Success | Team |
Pelumi Adewoyin | Senior Product Manager | Team |
Eduardo Rivero Muro | Senior Legal Counsel | Team |
Oluwatooni Olaifa | Support Representative 2 | Team |
Faisal I. | Advisor | Team |
22 more people are available in the full profile.
Complete people profiles for LemFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by LemFi
LemFi has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bureau Buttercrane, Pillar Money and Wealth8.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Investments and savings are facilitated via an app-based platform. | wealth-8.com | London, United Kingdom | 2020 | Jul 2026 | •••• | |
Digital lending platform offering credit building loans | pillar.money | London, United Kingdom | 2021 | Jun 2025 | •••• | |
Foreign currency exchange and money transfer services are offered online. | bureaudechangebuttercrane.com | Newry, United Kingdom | 2004 | Jan 2025 | •••• |
Complete acquisition details for LemFi
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of LemFi
6 dated milestones of LemFi across 6 years, from founding to its latest funding, stage changes and deals.
- Founded LemFi is founded.
- Funding First funding round of $125K.
- Acquisition Acquires Bureau Buttercrane.
- Acquisition Acquires Pillar Money.
- Funding Latest funding round, Series B,.
- Acquisition Acquires Wealth8.
Competitors of LemFi
LemFi has 2 listed competitors in our database, 2 of them funded. They include WorldRemit and Taptap Send.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| worldremit.com | 2010 | London, United Kingdom | $623.96M | 263 | Banking channel for cross border money transfers | |
| taptapsend.com | 2018 | London, United Kingdom | $78.36M | Cross-border money transfers are enabled by an app-based digital wallet. |
Detailed competitors of LemFi
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of LemFi
The website of LemFi (lemfi.com) receives about 1.3M visits a month and ranks #53,038 among all websites worldwide, #3,345 in Banking Credit and Lending.
- Monthly visits1.3M
▲ 2.1% vs previous month
- Unique visitors349.1K
per month
- Global rank#53,038
among all websites
- Category rank#3,345
Finance · Banking Credit and Lending
- Bounce rate53%
- Pages per visit2.3
- Average visit1 min 51 sec
- DevicesDesktop 14% · Mobile 86%
Websites whose visitors overlap most with LemFi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chase.com | 100% | 198.6M | #125 | View details | |
| bankofamerica.com | 99% | 113.9M | #258 | View details | |
| citi.com | 99% | 138.9M | #349 | View details | |
| transfergo.com | 93% | 512.4K | #84,752 | View details | |
pesa.co | pesa.co | 93% | #594,178 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for LemFi
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 27 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Lemfi
Complete news archive for LemFi
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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 CEO of LemFi, as recorded in our data.
LemFi is a funded company, having raised a total of $86.85M across 5 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 2021.
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 Taptap Send and WorldRemit.
LemFi has made 3 acquisitions, including Bureau Buttercrane, Pillar Money, and Wealth8.
LemFi has 12 investors. Key investors include Microtraction, Highland Europe, Left Lane Capital, Palm Drive Capital, and Endeavor.
LemFi operates through Lemonade Technology Limited.
The website of LemFi receives about 1.3 million visits a month and ranks #53,038 among all websites worldwide.