LemFi expands into Europe with major Irish fintech acquisition
Pomelo Remits Europe Limited, trading as LemFi, is pleased to announce that it has obtained regulatory approval from the CBI to acquire Irish Fintech.
LemFi expands into Europe with major Irish fintech acquisition
London fintech firm LemFi has cleared a key hurdle in its global expansion plans after Ireland’s central bank approved its takeover of Irish payments company Bureau Buttercrane . The deal, finalised this week, hands LemFi a foothold in the European Economic Area (EEA) and broadens its services for immigrant communities sending money abroad. The acquisition grants LemFi control of Bureau Buttercrane’s Payment Institution licence. The License will be a prized asset that will allow LemFi to offer payment accounts, remittances, and other financial services across Europe. LemFi is known for its specialized low-cost international transfers for diaspora communities. LemFi isn’t new to snapping up licences through acquisitions. Back in 2021, it bought UK-based RightCard Payment Services to secure an Electronic Money Institution (EMI) licence. The RightCard acquisition let LemFi issues digital wallets and prepaid cards for diasporas. Since then, the company has been actively sorting approvals in k…
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Temmy Samuel is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently, he’s studying Accounting at the Federal University of Oye-Ekiti.
