LemFi acquires Wealth8 to expand into wealth management and investment service

What you need to know:

LemFi has received FCA approval to acquire Wealth8, an FCA-regulated UK investment platform, clearing the way to bring investing and long-term wealth-building into its ecosystem.The move expands LemFiʼs financial-life offering: from sending money across borders, to saving money, to accessing credit, to growing wealth where people live.Investing is one of the UKʼs principal engines of long-term wealth, yet many communities remain underserved even as the wealth gap widens.

LemFi, the financial platform for people living and working across borders, has secured approval from the UKʼs Financial Conduct Authority (FCA) for its acquisition of investment platform Wealth8.

The approval paves the way for LemFi to add wealth-building and investment to its product ecosystem, marking the companyʼs entry into wealthtech and a significant step in its evolution into a full financial-life platform

LemFi is the trusted platform helping people move money across borders, access credit, and save money across the UK, Europe, North America and Australia. The Wealth8 acquisition adds a missing piece: the ability to grow money over the long term.