• 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

Toncoin Expands User Base Through Messaging Integrations

chest

Toncoin's ecosystem is rapidly growing by integrating with major messaging platforms.

user avatarLucas Weissmann

TAO Price Reclaims 300 Ahead of Halving

chest

TAO has regained the 300 mark, a significant level, just a week before the halving event.

user avatarAndrew Smith

Hyperliquid Price Rebounds Amid Market Sentiment

chest

Hyperliquid's price rebounds as traders react to recent market movements.

user avatarZainab Kamara

Hedera Analyzes Key Support Levels Amid Price Movements

chest

Hedera's price movement is closely watched as it interacts with critical support zones. In the last 24 hours, Hedera's price ticks down to $0.1348, revisiting long-term structural levels. Analysts are assessing potential price movements based on Fibonacci levels, looking for strategic accumulation zones before potential long-term expansion.

user avatarJacob Williams

Google's Security Framework for AI Agents Enhances User Protection

chest

Google has developed a comprehensive security architecture for its new AI agents, focusing on user alignment and preventing unauthorized access.

user avatarAyman Ben Youssef

Google Chrome Introduces Agentic Features with Enhanced Security

chest

Google Chrome is set to roll out new agentic features that transform the browser into an active assistant while implementing robust security measures to protect user data.

user avatarSon Min-ho

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.