LemFi, the financial platform built for the underserved, has secured 14 new Money Transmitter Licenses (MTLs) across the US, marking a major step in its mission to deliver safe, reliable and fully compliant financial services to immigrant communities.

● The new range of money transmitter licenses (MTLs) will enable LemFi to manage and execute the transfer of value on customer funds across 14 states, improving service for customers

● US expansion continues LemFi’s mission to build a full suite of financial services for immigrants, tailored to their specific needs

● The US is the largest remittance market globally, with an estimated $93 billion in remittances sent abroad in 2023 alone

The new licenses, which are for states including Illinois, Michigan, Arizona, Oregon and Delaware, give LemFi the ability to move money for customers directly under state regulatory oversight, giving the company more control over how transfers are processed and enabling a smoother, more transparent experience. This will strengthen LemFi’s promise........

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