China: LemFi appoints former OPay COO, Allen Qu, to spearhead its expansion efforts

Allen Qu will spearhead LemFi’s expansion initiatives within the Chinese diaspora.

With over 14 years of professional experience, Allen has a track record of building multi-billion dollar companies in many countries.

As the Chief Operating Officer at OPay, he led the growth of the company to Unicorn status.

LemFi, a fintech firm developing cutting-edge international payment solutions, revealed today, March 8, 2024, that Allen Qu will drive the company’s expansion into China as Vice President of Growth.

This announcement follows LemFi’s recent achievements, including the rollout of its services in the United States and a successful US$33 million Series A capital raise led by LeftLane Capital.

Drawing upon his extensive professional experience, Allen will leverage strategic partnerships, expand LemFi’s customer base within the Chinese market, and drive product innovation to meet the needs of this new audience.

“There are over 60 million Chinese diaspora over the world, and many of them are under-served by those traditional financial companies. As a fintech company with deep understanding of immigrants, LemFi is in a unique position to combine its know-how and state of the art technology, to bring a real change into the market”Allen said.

Ridwan Olalere, CEO & Co-Founder of LemFi, said, “We are excited to have Allen lead our expansion into China. Following his previous successes, we are confident in his contribution. His addition to the LemFi team is a significant step toward fulfilling our promise of international payments for everyone.”

LemFi delivers innovative services and products in various markets through its mobile app.

LemFi remains dedicated to providing accessible and transparent financial services to migrant communities worldwide.