• 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

CryptoPunks Leads NFT Collections Amid Market Decline

chest

CryptoPunks has surged to the top spot in NFT sales, achieving 359 million on Ethereum, despite an overall market decline.

user avatarBayarjavkhlan Ganbaatar

NFT Sales Volume Plummets Significantly

chest

NFT sales volume has dropped sharply, with a decline of nearly 28% as both buyer and seller counts fell drastically.

user avatarMohamed Farouk

The Math Behind a 5 HBAR Price

chest

Analysts break down the potential for HBAR to reach a price of 5 based on market cap and utility.

user avatarElias Mukuru

Hedera's ETF and Its Impact on HBAR Supply and Demand

chest

The introduction of the HBAR ETF has created a new access point for institutional investors, absorbing over 1% of circulating HBAR supply within its first week of trading.

user avatarDiego Alvarez

Hedera's Unique Position in the Crypto Market

chest

Hedera's infrastructure and governance model attract institutional interest despite low retail hype.

user avatarKenji Takahashi

Iranian President Masoud Pezeshkian's Resignation Rumors Proven False

chest

Recent rumors about the resignation of Iranian President Masoud Pezeshkian have been confirmed as false by official sources.

user avatarMaria Fernandez

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.