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This move aligns with a growing trend among African fintechs to tap into the global remittance market, particularly in Asia
LemFi will leverage this funding to expand its service offerings, scale its payment network licenses and partnerships globally, enabling hyper-localised service delivery.
LemFi, a fast-growing remittance startup with over 1M customers, and more than $33M in disclosed funding has expanded to Europe. Here is the journey so far.
The report also states that these earnings are used to provide financial support for their loved ones back home and more below.
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