LemFi, a London-based fintech platform, has raised $53 million in new funding to bolster its remittance services in Asia and Europe. With over $669 billion in remittance inflows reported in 2023, LemFi aims to tap into this growing market by enhancing customer acquisition and expanding its geographical footprint. The company has seen rapid growth since its 2020 launch, boasting over one million active users and processing $1 billion in monthly payment volume. The Series B round was led by Highland Europe, bringing LemFi's total funding to $85 million.