LemFi, a London, UK-based worldwide funds supplier, acquired UK credit score fintech Pillar.
The quantity of the deal was not disclosed.
With the acquisition, LemFi will increase its choices.
Pillar offers another credit score scoring mannequin that makes use of world credit score info and non-traditional information to evaluate eligibility and assist customers construct a monetary footprint.
Based in 2021 and led by CEO Ridwan Olalere, LemFi is constructing monetary companies for immigrants worldwide. Initially specializing in remittance, with over two million folks throughout Europe and North America utilizing it to ship funds to households in 20 rising markets together with China, India, Kenya, Nigeria and Pakistan, the corporate is constructing the monetary companies hub for immigrants.
FinSMEs
16/06/2025
