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.
LemFi powers remittance to the Phillipines with GCash partnership
LemFi partners with GCash to streamline international remittances to the Philippines. Filipinos in North America and Europe can send money directly to GCash wallets.
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.
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.
