LemFi is reportedly preparing a €30 million extension to its Series B funding round, according to Tech Funding News, citing sources familiar with the matter.
The reported extension would add to the $53 million Series B round the company raised in January 2025. That round was led by Highland Europe, with participation from Left Lane Capital, Palm Drive Capital, and Y Combinator.
If completed, the extension would bring LemFi’s total funding to approximately $120 million since 2021.
The report did not disclose which investors are expected to participate in the extension round.
Previously known as Lemonade Finance, LemFi operates a cross-border payments platform focused on helping immigrants send and receive money internationally. Its app is currently available in the US, Canada, and the UK.
The company has recently expanded its product offering beyond remittances. In November, LemFi launched a savings account product in the UK, while its acquisition of UK fintech Pillar enabled an expansion into credit services.
LemFi has also secured regulatory approvals in Canada and Australia, signaling broader international expansion plans.
