Cross-border payments fintech LemFi is plotting a €30 million extension to its Series B funding round, according to Tech Funding News, citing sources familiar with the matter. A representative for LemFi was contacted by FinTech Futures for comment. 

The reported move would add to the $53 million closed by LemFi in January 2025. The Series B round was led by Highland Europe, with additional participation from Left Lane Capital, Palm Drive Capital, and Y Combinator. 

If landed successfully, the extension would bring LemFi’s total funding pool to around $120 million since 2021. The report does not include information regarding specific investors involved in the extension. 

Formerly Lemonade Finance, LemFi operates an app that is focused on helping immigrant users send and receive money internationally. The app is currently available in the US, Canada, and the UK, where LemFi launched a savings account offering in November, as revealed by FinTech Futures. 

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Other recent developments from LemFi include the acquisition of UK fintech Pillar, which enabled an expansion into credit services, as well as various regulatory approvals in Canada and Australia, signalling imminent market expansion plans.