LemFi is expanding its financial services beyond international money transfers, introducing savings and credit products in the UK while extending its eSIM offering to more than 100 destinations worldwide.
The expansion positions the migrant-focused fintech to serve customers across more aspects of their daily lives, from managing savings and accessing credit to staying connected while travelling.
With more than two million customers and monthly transaction volumes exceeding $2 billion, LemFi is building on its existing remittance business to broaden its relationship with users.
The move reflects a wider ambition to capture more of the financial activity surrounding migrants, many of whom need to send money home while managing their finances in their countries of residence.
For Nigerian and other African migrants living abroad, services that combine international transfers with everyday financial products could offer a more integrated way to manage money across borders.
However, the available information does not specify the eligibility requirements, interest rates or credit terms attached to LemFi’s new UK products.
The company’s latest expansion also includes eSIM services across more than 100 destinations, adding international connectivity to its growing range of offerings.
While remittances remain central to its business, the additional services could help LemFi reach customers beyond the moments when they need to transfer money internationally.
Further details on the rollout, including the full availability of the new products across eligible markets, have not been provided in the available announcement.
