Nigerian fintech company LemFi has launched its money transfer services in Australia after securing regulatory approval, marking its entry into one of the world’s largest remittance markets.
The move expands LemFi’s international footprint beyond Europe and North America, where the platform has built a user base of more than two million customers, primarily among migrant and underserved communities. With the Australian launch, LemFi customers will be able to send money from Australia to more than 30 destinations worldwide, including Nigeria, India and China.
Australia is a significant global remittance hub, driven by a large immigrant population and strong outbound money transfer flows to Asia and Africa. Industry data show that migrants in Australia send billions of dollars abroad each year, creating opportunities for digital-first platforms offering faster and lower-cost transfers than traditional banks.
LemFi said the expansion aligns with its strategy of targeting high-volume remittance corridors and providing accessible financial services to diaspora communities. The company allows users to hold and transfer funds digitally, offering real-time exchange rates and instant or near-instant transfers in many corridors.
Founded in Nigeria, LemFi has positioned itself as a challenger to established remittance providers by focusing on ease of use, transparent pricing and markets often underserved by mainstream financial institutions. The Australian rollout adds to its growing list of regulated markets as it continues its global expansion.
