LONDON, United Kingdom, October 9, 2025/APO Group: LemFi, deemed as the leading AI-powered international payments platform dedicated to building financial products and services for immigrant communities, has announced the launch of Send Now, Pay Later (SNPL), a credit-powered remittance product that allows UK customers to use their LemFi credit line to send money home to their families.
For millions of UK immigrants who send nearly £10 billion back home annually, a mismatch often arises between unexpected expenses and local earning cycles. This can force them to delay pivotal transfers home or turn to unregulated, expensive credit solutions. Since traditional remittance providers typically require immediate payment, Send Now, Pay Later aims to address this critical pain point and provide vital service to customers who are new to the country and have a limited UK credit history.
Powering SNPL is LemFi’s Ensemble AI model, which combines multiple data sources to inform credit decisions, including national credit bureaus, open banking data, and the company’s own remittance data, to help determine credit limits and repayment structures.
Ridwan Olalere, co-founder and CEO of LemFi, said: “The rise of Buy Now, Pay Later means people across the world can buy products and stagger the payments depending on their cash flow. But this has never been possible before with remittance, despite it being such a core part of the immigrant financial experience. With Send Now, Pay Later, we’re integrating credit directly into the remittance experience, ensuring financial support is never delayed by cash flow timing. It’s also a testament to our commitment to building a full-stack, AI-enabled financial ecosystem that understands and serves the unique challenges faced by global citizens.”
To access SNPL, LemFi customers are onboarded to LemFi Credit, which gives users access to credit lines ranging from £300 to £1,000, depending on their credit profile and assessment, which is enabled by leveraging open banking technology to evaluate eligibility. This makes it accessible to recent immigrants as well, who often lack extensive UK credit histories and are excluded from traditional finance services.
This is done through the company’s AI-driven decisioning engine that analyses a wide spectrum of data points, including open banking insights, bureau files, remittance history, and patterns within LemFi, as well as international credit footprints.
Bridging the Credit Divide
Currently, immigrants face significant and widespread issues when it comes to trying to access credit and banking services more broadly. Approximately 5 million individuals in the UK are considered “credit invisible”, with immigrants from emerging countries disproportionately affected. Research indicates that 9 in 10 immigrants report that accessing credit has become more difficult in recent years, while 13 percent of migrants are excluded from banking services compared to just 3 percent of the general UK population. LemFi’s approach to credit assessment specifically addresses these challenges.
Global Expansion and Market Opportunities
Following the UK launch, LemFi plans to expand the SNPL service to its other markets in the United States, Canada, and Europe. It currently supports over 2 million customers, enabling them to send money to over 30 countries across Asia, Africa, Europe, and Latin America.
Since its inception, LemFi has supported over 2 million customers in the United States, the United Kingdom, Canada, and Europe. In January 2025, it secured $53 million in Series B funding, bringing its total funding to over $ 86 million.
