LemFi moves remittances further into Asia and Europe with $53M in new funding

By: Tage Kene-Okafor

13 January 2025 at 23:55

For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange. Traditional banks and agents maintain a firm grip on the remittance […]