Egypt: Lemfi Expands to Egypt in Race for $30b Remittance Market

TLDR

• London-based international payments startup LemFi has announced the launch of its services in Egypt, extending its reach across North Africa
• The expansion targets the Egyptian diaspora in the U.S., U.K., Canada, and Europe, offering low-cost, reliable money transfers
• Egypt is one of Africa’s top remittance destinations, with funds sent home accounting for over 6% of GDP in 2023

London-based international payments startup LemFi has announced the launch of its services in Egypt, extending its…