Comment on Fintech startup LemFi raises $53M to help immigrants send money back home

Fintech startup LemFi raises $53M to help immigrants send money back home

Coming from South Africa but living in Europe, I can tell you that sending money to family and friends back home is a bit of a nightmare. Typically you must use a traditional bank, which can take a week or more, or payment apps like PayPal or Wise, which charge high fees.  The antiquated nature of remittance payments is something that immigrants are all too familiar with.

 

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