LemFi Expands its International Payment Services to Brazil and Mexico

Necessity is the mother of innovation one of the oldest proverbs in the Aesop’s fables explains. This reality guides LemFi, a leading financial technology platform that has continued to revolutionize how people move their money globally. Serving over 1 million customers in the United States, the United Kingdom, and Canada through its innovative products and services, LemFi essentially supports international payments to over 20 countries in Africa, Asia, and Europe. Notably, LemFi launches Latin America services from the US, UK & Canada, offering the best exchange rates, zero transaction fees and within minutes transactions.

The determined company is set to enter the Latin American diaspora market following recent expansions, starting with Brazil and Mexico.

Crucially, thousands of Latin Americans venture to North America and Europe every year for different living opportunities. One persistent challenge for these individuals has been the inability to access reliable, and fast, cost-effective financial services, a problem LemFi is already solving.

This leading region for global remittances, sees Mexico as the top recipient, with Brazil just a little behind. LemFi solves this problem through the LemFi mobile app; within minutes of signing up, customers can send money to their home countries at the best exchange rates, directly to the recipient in various payout methods and at zero transaction fees.

“Since our inception in 2020, we have been committed to reshaping how people move their money internationally,” says Rebeca Wignall, LemFi’s General Counsel.

“Our expansion to serve the Latin American Diaspora underscores our global growth ambitions and our desire to be the choice remittance platform for everyone, everywhere”, Wignall adds.

With a recent launch in the United States, a K sh 4287 million (M) (US$33 M) Series A raise, the recent expansions to China, India, and Pakistan, and planned expansions to other diverse markets, LemFi has proven that it has the team, resources, and strategies to deliver on the promise of reliability, cost-effectiveness, and value, helping the Latin American Diaspora to be more financially connected to their home region.

LemFi invites everyone who needs to stay in touch with his or her home in Mexico, Brazil, and beyond to experience innovative products and services through its Mobile App, which can be downloaded from the Google Play Store, the Apple App Store, or the website.

LemFi will continue to expand to diverse markets and innovate, delivering easy-to-use and cost-effective ways to move money safely across the globe.

Notably, LemFi is the preferred international payment app for everyone. To send money to India, China, Pakistan, Nigeria, Ghana, Kenya and 16 other countries and also to receive and manage money without stress, people need to use LemFi services.