LemFi, a London-based remittance platform serving users across the UK, US, Canada and Europe sending money to recipients in Africa and Asia, has received a strategic investment from Tether in an undisclosed deal.
The companies said the investment will support LemFi’s integration of USD₮ as a settlement layer, with the aim of enabling near-instant, lower-cost cross-border settlement across key remittance corridors. LemFi also said the funding will help accelerate its stablecoin infrastructure and extend it across a broader set of products.
The deal highlights continued interest in stablecoins as payment rails for international money movement, particularly in markets where traditional cross-border transfers remain slow and expensive. For LemFi, the investment signals a push to deepen its remittance infrastructure as competition grows in the global payments market.
The companies said the investment will support LemFi’s integration of USD₮ as a settlement layer, with the aim of enabling near-instant, lower-cost cross-border settlement across key remittance corridors. LemFi also said the funding will help accelerate its stablecoin infrastructure and extend it across a broader set of products.
The deal highlights continued interest in stablecoins as payment rails for international money movement, particularly in markets where traditional cross-border transfers remain slow and expensive. For LemFi, the investment signals a push to deepen its remittance infrastructure as competition grows in the global payments market.