Cairo - Mubasher: London-based international payment services startup LemFi has launched its business in Egypt, expanding its presence across the US, Canada, the UK, and Europe.
The platform provides its offerings across Egypt’s massive diaspora community, building on the country’s growing adoption of the digital payments market, according to a press release.
The expansion also positions LemFi as a reliable partner across the North Africa corridor, where the company offers its services to the Moroccan and Tunisian diaspora.
LemFi’s entry, which supports the Egyptian diaspora, aligns with global economic trends of a growing market, providing advanced payment solutions.
Through its recent acquisitions and expansions into diverse markets, LemFi has delivered reliability, cost-effectiveness, and value, helping a global diaspora become more financially connected to their home.
Philip Daniel, Head of Global Expansion and Growth at LemFi, commented: “Egypt’s significance as a remittance destination cannot be understated. In recent years, the corridor has experienced consistent growth.”
“Whether in LemFi’s existing markets, specifically the US, or in other markets that align with our global expansion ambitions, the Egyptian diaspora is significant, and they deserve quality service, such as the one we offer,” Daniel added.
Egypt is one of Africa’s most dynamic economies, as it ranks highly on the global list of significant remittance corridors. Last year, the Arab Republic received $29.60 billion in remittances globally, nearly doubling 2023’s record.
Meanwhile, LemFi has supported more than 2 million customers in the US, the UK, Canada, and Europe since its launch.
In January 2025, the platform secured $53 million in Series B funding, bringing its total funding to over $86 million.
