LemFi's $33 Million Leap: Pioneering Zero-Cost Remittance for Nigerian Migrants Worldwide - IT News Africa | Business Technology, Telecoms and Startup News

services, and regulations. Often sending a significant part of their income back home, these immigrants seek affordable remittance solutions., the average cost of sending remittances to Sub-Saharan Africa, which includes Nigeria, is 6.25%.

Moreover, many migrants, especially in rural areas, lack access to formal financial channels, compelling reliance on costlier informal options, exacerbating difficulties in ensuring reliable transfers to their families. Lemfi, Nigerian Fintech, raised $33 million in a Series A funding round led by Left Lane Capital. The funding enables the company to simplify remittance payments for immigrants globally. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

FSS Ignites Future of Payments with BLAZE - IT News Africa | Business Technology, Telecoms and Startup NewsBlaze is an advanced payments technology platform designed to cater to the diverse needs of banks and financial institutions......
Sumber: ITNewsAfrica - 🏆 27. / 59 Baca lebih lajut »

TymeBank Joins PayShap Revolution - IT News Africa | Business Technology, Telecoms and Startup NewsIn an industry milestone, TymeBank introduces PayShap with zero fees for customers, setting a new standard for instant payment..
Sumber: ITNewsAfrica - 🏆 27. / 59 Baca lebih lajut »