• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

LemFi Expands Money Transfer Services to Asia and Europe

user avatar

by Giorgi Kostiuk

a year ago

LemFi, a leading financial technology platform, has secured $53 million to expand its services into Asia and Europe.

LemFi's Financial Platform and Growth

Since its emergence in 2020, LemFi has shown steady growth by assisting diaspora communities in North America and Europe to send money to Africa, Asia, and Latin America. With over 1 million active users, the company employs multi-currency accounts for transfers to countries like Nigeria, Kenya, India, China, and Pakistan.

Fraud Detection Measures

LemFi has gained recognition for its strong fraud detection capabilities. CEO Ridwan Olalere states that the company endeavors to minimize fraud rates to offer the best prices to its customers.

Fraud can significantly drive up costs. Higher costs often mean passing them on to customers through additional fees. We’ve managed to keep our fraud rate extremely low, allowing us to offer customers the best possible prices.Ridwan Olalere

New Achievements and Future Plans

In 2023, LemFi recorded over $2 billion in annual transaction volume. The new funding will enable the company to broaden its offerings into new markets and fortify partnerships. LemFi aims to focus on Europe this year.

The recent funding will allow LemFi to solidify its position in the global remittance market, especially focusing on countries with significant immigrant populations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Mining Adjustments Amid Market Pressures

chest

Bitcoin miners are underclocking their machines to conserve energy amid current market pressures, as revealed by Ethan Vera, COO of Luxor Technology.

user avatarKofi Adjeman

Ways to Engage in the Hamster Kombat Daily Cipher.

chest

Players can easily participate in the Hamster Kombat Daily Cipher through Telegram by decoding Morse code for rewards.

user avatarNguyen Van Long

Hamster Kombat Daily Cipher Becomes Popular with Players.

chest

The Hamster Kombat Daily Cipher has become a popular event in the play-to-earn gaming sector, attracting thousands of players daily.

user avatarSatoshi Nakamura

DWF Labs Expands into Physical Commodities with Gold Transaction

chest

DWF Labs has completed a 25-kilogram gold transaction, marking its expansion into physical commodities.

user avatarJesper Sørensen

JPMorgan Explores Digital Asset Trading Services for Institutional Clients

chest

JPMorgan Chase is exploring the launch of digital asset trading services for institutional clients amid growing demand.

user avatarLucas Weissmann

Cryptocom Expands into Prediction Markets with New Hiring Initiative

chest

Cryptocom is hiring a quantitative trader for its internal market-making unit focused on prediction markets, raising questions about market structure.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.