• LemFi launches “Send Now, Pay Later” remittance credit in UK

• AI-driven platform offers £300–£1,000 credit to underserved users

• Expansion planned after £53M raise, targets U.S., Canada, Europe

LemFi, a financial services platform for immigrants, announced the launch of its new “Send Now, Pay Later (SNPL)” service in the United Kingdom on Thursday, October 9, 2025.

The service allows users to make international money transfers on credit, enabling them to send funds even when they don’t have the full amount on hand.

Powered by Artificial Intelligence (AI), the SNPL system uses the LemFi Credit platform to offer credit lines ranging from £300 to £1,000. Credit limits are set after analyzing the user’s profile, drawing on open banking data, transfer history, and cross-border financial records. The company’s internal scoring engine, Ensemble AI, aggregates this information to determine credit limits and repayment terms.

LemFi says the service is designed to help immigrants in the UK, many of whom are excluded from traditional credit systems. The company estimates that around five million people in the country are classed as “credit invisible”, often due to a lack of local banking history or irregular income.

Ridwan Olalere, co-founder and CEO, said the goal is to bring the “Buy Now, Pay Later” model to the remittance sector, which is a lifeline for many families.

“With Send Now, Pay Later, we’re integrating credit directly into the remittance experience, ensuring financial support isn’t delayed by short-term cash flow issues,” he said.

The UK is a major market for the initiative. World Bank data shows that migrants in the UK sent home £9.3 billion in remittances in 2023. LemFi believes the SNPL service could streamline these flows while providing a regulated alternative to informal lending.

Following the UK launch, LemFi, which already serves over two million customers sending money to more than 30 countries, plans to expand the service to the United States, Canada, and Europe in the coming months.

The company has a solid financial base, after raising $53 million in Series B funding in January 2025, bringing total funding to around $85 million. Investors include Highland Europe, LeftLane Capital, Endeavor Capital, and Y Combinator.

Sandrine Gaingne