According to LemFi co-founder and CEO Ridwan Olalere, the funding round was completed in just four months, with participation from existing investors Left Lane Capital, Palm Drive Capital, and Y Combinator, as well as new investors like Endeavor Catalyst. This latest round brings LemFi’s total funding to $85 million.
The newly raised capital will enable LemFi to expand its product offerings, scale its payment network licenses and partnerships, and recruit top talent for its next phase of growth. The company, which currently employs more than 300 people across Europe, North America, Africa, and Asia, plans to provide increasingly localised services to its growing customer base.