Transaction

Tether's investment in LemFi's operations

Announced

18 May 2026

Target

Lemonade Technology Limited

Value

Undisclosed

Asset class

Venture Capital

Type

Investment

Instrument

Ordinary Shares (Equity)

Lead investors

Tether International, S.A. de C.V.

Investors

Tether International, S.A. de C.V.

Sector

Financial services / Cross-Border Payments

Markets

Rwanda, Liberia, Nigeria, Gabon, Mali, Ghana, Egypt, Ethiopia, Tunisia, Tanzania, Kenya, Uganda, Morocco, Cameroon, Burkina Faso, Togo, Republic of the Congo, Benin, Senegal

About the target

Lemonade Technology Limited, operating under the brand name LemFi, is a financial technology company that specialises in cross-border payments and remittance services for immigrant communities. The company was founded in 2020 by Ridwan Olalere and Rian Cochran and is based in London, United Kingdom. Lemonade Technology Limited is a private limited company. The company was formerly known as Lemonade Finance and rebranded to LemFi in May 2023. The platform enables users to send, receive, hold, convert, and save money in multiple currencies across both their country of origin and country of residence.