Nigerian remittance startup LemFi acquires UK card issuer pillar to launch credit cards for immigrants
LemFi has acquired Pillar, a London-based credit card issuer, to integrate remittances and credit services. The acquisition allows LemFi to leverage Pillar's FCA license to bypass lengthy regulatory processes.
BREAKING: LemFi expands to Europe. The journey so far.
LemFi officially launched its services in Europe on January 8, 2025, targeting Nigerians living in Italy, France, and Spain. The startup has raised over $60 million in funding to support its expansion and operations.
