The Nigerian Co-founded financial tech company, LemFi, in an announcement today, appoints OPay’s ex-CO, Allen Qu as its Vice President of Growth.
According to the FinTech company, Qu’s directive is to ensure the company’s Chinese expansion in the coming years.
Having over 14 years of experience in building several multi-billion dollar companies around the world, Qu is poised to help grow LemFi base in China. During his time as the Chief Operating Officer at Opay, Allen helped grow the startup into one of the most successful digital banks in Africa.
LemFi’s new Vice President of growth, Allen, was also involved with developing the Beijing-based PropTech company Ke.com, to its current height, enlisting on NASDAQ as BEKE.
In the words of LemFi CEO and Co-founder, Ridwan Olalere, it is this unique wealth of experience in developing top-tier companies that LemFi requires growing its business in the Chinese market.
According to Qu, there are approximately 60 million Chinese immigrants around the world, and traditional financial entities do not provide proper services to many of them.
LemFi, was built for immigrants and regular travelers, combining exclusive technology with experience to provide what was not earlier available, flexibility. The FinTech offers a range of innovative, while accessible, financial products and services to migrants around the world.
Prior to this announcement, LemFi had a $33 million Series A Capital raise arranged by LeftLane Capital, and a successful launch in the United States, adding to the company’s base of operations.
