LemFi has announced a £100 million commitment to the UK economy over the next five years, alongside the establishment of London as its global headquarters.
Bilateral trade between the UK and Nigeria now reaches £8.1 billion annually, and the UK’s Department for Business and Trade (DBT) describes the commitment as the largest single fintech investment pledge facilitated under the UK–Nigeria Enhanced Trade and Investment Partnership.
He added that it also reinforces the UK’s position as a hub for high-growth firms supporting more accessible financial services for diaspora communities.
Rian Cochran, Co-Founder and Chief Financial Officer of Lemfi, said the company’s global workforce informs its product development.
“Our team across five continents reflects every corridor we serve; to us, that lived experience is not a diversity metric; it is our product advantage,”
he said, adding that centralising operations in London would support infrastructure and regulatory engagement across markets.
The company will direct the £100 million commitment towards hiring across engineering, compliance and product functions, expanding regulatory and compliance infrastructure, and continuing investment in technology and research and development.
The announcement follows LemFi’s 2025 acquisition of London-based credit fintech Pillar and regulatory approval in Ireland to acquire Bureau Buttercrane, extending access to the European Economic Area.
The company currently holds licenses and approvals in the UK, Ireland, Australia and 14 US states.
Featured image credit: Edited by Fintech News Switzerland, based on image by 21studio via Magnific
