LemFi, a global payments startup headquartered in London, has launched its international money-transfer services in Egypt, targeting the country’s large and growing diaspora.
Backed by US $86 million in funding and operating across the US, UK, Canada and Europe, LemFi aims to offer low-cost, reliable remittance solutions across North Africa, where it already serves the Moroccan and Tunisian corridors.
Egypt’s corridor is huge: the country received a record US $29.6 billion in remittances in 2024, more than 6 % of GDP, thanks to an estimated 11 million Egyptians living abroad.
Fresh off a US $53 million Series B in January 2025 (pushing total capital raised to US $86 million) and now serving more than two million customers, LemFi says its Egypt route offers instant payouts to major local banks such as Banque Misr and Banque du Caire via its multi-currency wallet.
The launch comes just weeks after LemFi acquired UK credit-fintech Pillar, signalling plans to layer migrant-friendly credit products on top of its remittances platform.
