A London-based credit card issuer that focuses on serving migrant communities. Pillar is a credit scoring firm that is regulated by the UK Financial Conduct Authority.
LemFi Secures $53M to Expand Fintech Services Beyond Africa
LemFi raised $53 million in Series B funding led by Highland Europe. The company processes $1 billion in monthly transactions, with a 30% growth rate in Asia.
Next Wave: Lemfi’s bet on immigrant credit shows where remittance fintechs are headed
Lemfi becomes the first African fintech to offer credit to immigrants in the UK. Moniepoint, another major player, plans to develop a credit product for immigrants as part of its long-term roadmap.
How LemFi’s Acquisition Of Fintech Pillar Will Help Immigrants With Their Credit History
LemFi has acquired Pillar to enhance financial services for immigrants in the UK. The acquisition allows LemFi to launch specialized credit cards for immigrant communities.
LemFi’s Acquires UK Based Pillar To Help Immigrants with Credit History
LemFi has acquired UK-based company Pillar to enhance its services for immigrants. The partnership aims to collect credit histories from other countries to assess creditworthiness.
