LemFi Acquires Pillar – FinSMEs

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Company Information

  • Startup: LemFi
  • Founded: 2021
  • CEO: Ridwan Olalere
  • Headquarters: London, UK
  • Business Focus: International payments provider, focusing on financial services for immigrants.

Acquisition

  • Acquired: UK credit fintech Pillar
  • Deal Amount: Not disclosed

Features of Pillar

  • Provides an alternative credit scoring model using global credit information and non-traditional data to assess eligibility and help users build a financial footprint.

User Base

  • Over two million users in Europe and North America sending funds to families in 20 emerging markets, including China, India, Kenya, Nigeria, and Pakistan.

Funding and Investment

  • Funding Round: Not explicitly mentioned (acquisition noted instead)
  • Date of Acquisition Announcement: 16/06/2025
  • Funds or Investors: Not specified in the provided text

If you need any more specific information or further breakdowns, feel free to ask!

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2025-06-16 12:59:34