Introduction to LemFi Remittance
The Central Bank of Kenya (CBK) has approved LemFi Remittance, a leading international payment services startup, to operate its remittance services into Kenya. This approval is a significant milestone for LemFi, which offers low-cost, reliable, and competitive international payment services to residents in the United States, Canada, the United Kingdom, and Europe.
About LemFi
LemFi allows users to send money to Kenya and other countries in Africa, Asia, Latin America, and Europe. The company has received additional approval from the CBK to continue providing its services while complying with the set regulatory frameworks. This partnership highlights LemFi’s dedication to operating within the bounds of regulatory requirements.
Services and Features
Since its founding, LemFi has supported over 2 million customers worldwide. The company has secured significant funding, including $53 million in Series B funding in January 2025, bringing its total funding to over $86 million. This funding involves leading investors such as Highland Europe, LeftLane Capital, Endeavour Capital, and Y Combinator.
Benefits of Using LemFi
LemFi’s remittance services provide a convenient and cost-effective way for individuals to send money across borders. The company’s partnership with Choice Microfinance Bank in Kenya enables users to send money directly to bank accounts, making it a reliable option for those looking to send money to Kenya.
Conclusion
In conclusion, LemFi’s approval by the Central Bank of Kenya marks a significant step forward for the company. With its low-cost and reliable remittance services, LemFi is well-positioned to continue supporting its customers worldwide. For further information and updates, users can visit the LemFi website at www.lemfi.com or contact legal@lemfi.com. As LemFi continues to grow and expand its services, it is likely to remain a leading player in the international payment services market.
