Company Overview
An international remittance and payments platform that enables diaspora communities in Europe and North America to move money reliably and affordably to emerging markets
Company History
Lemfi was founded in 2021. Public founder information in the source set points to Ridwan Olalere, Rian Cochran. Its latest captured funding/news event in the source set was in 2025, recorded as Series B.
Key Facts
| Country | Nigeria |
| Founded | 2021 |
| Founders | Ridwan Olalere, Rian Cochran |
| Sector | Finance |
| Operational Status | Appears active |
| Latest Round | Series B, 2025, $53M |
| Total Disclosed Funding | $53M |
| Website | https://www.lemfi.com/ |
Business Model
Lemfi appears to operate a product-led business model in the Finance sector. Based on public descriptions, it generates value through technology-enabled services, software, marketplace access, operations, or financial infrastructure.
Products and Services
- Credit and lending tools
- Financial data services
- Business payments
- Risk or KYC workflows
Funding and Market Position
Public deal records in the source set show 1 disclosed funding event(s), with about $53M captured in total. The most recent event is recorded as Series B, 2025, $53M.
Contact Information
The most reliable public contact channel in the source set is the official website: https://www.lemfi.com/. Public phone numbers and public support emails were not consistently available at scale, so the website/contact form is the best public route.
Company Location
Operational Status
Latest public funding/news source in 2025 suggests the startup was operating at that time. Status recorded here is a best-effort assessment as of March 21, 2026.
Why This Startup Matters
As a Nigerian startup in the Finance space, Lemfi matters because it addresses local market problems with a scalable digital product or operational model.
Sources
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