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LemFi is raising €30 million in a Series B extension, adding to its previous $53 million round led by Highland Europe. The funds will help expand its fintech services for immigrants.

PRIVATEMay 13, 2026•3 months ago

Amount Raised

€30 Million

Round Type

Series B

OaklandFinancial ServicesFintechLending

Investors

Y CombinatorEndeavor CatalystPalm Drive CapitalLeft Lane CapitalHighland Europe

Description

LemFi, a fintech app for immigrants, is raising €30 million in a Series B extension. This follows a $53 million Series B round closed in January 2025. The funding will support growth as the company aims to expand beyond remittances. LemFi has over two million customers and facilitates transactions across 30 markets.

Company Information

Company

LemFi

Location

2777 E 21ST STREET

Oakland, California, United States

About

By 2021, the company quickly expanded to the UK, and in parallel, broadened its reach by enabling 10 new African remittance corridors. The IMTO license will enable LemFi to offer its services in partnership with Nigerian banks, empowering users by eliminating the need for intermediaries. "LemFi has been very deliberate and strategic in acquiring licenses and building a robust network of financial institution partners to facilitate cross-border payments for immigrants," said Matthew Miller, Principal at Left Lane Capital, who joined LemFi's Board of Directors as part of the transaction.

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Funding Insights

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech