Lemonade Finance
OperatingLemonade Finance is a Nigerian multi-currency payments solution.
- Financial Services
- Lagos, Nigeria
- Corporate
- Founded 2020
- lemfi.com ↗
- Total raised
- $120M
- disclosed
- Last round
- Corporate
- Rounds
- 7
- since 2020
- Investors
- 15
- on record
- Employees
- 2-10
About Lemonade Finance
Lemonade Finance is a Nigerian multi-currency payments solution. Lemonade Finance is a cross-border payment platform tailor-made for Africans, not just in Africa, but everywhere - home or abroad.
Lemonade Finance funding7 rounds
All 7 rounds →Lemonade Finance has raised $120M across 7 disclosed rounds. The latest is a Corporate announced 18 May 2026, led by Tether.
- $125KSeedSeed, $125K, $125K raised to date
- $725KPre-seedPre-seed, $725K, $850K raised to date
- $33MSeries ASeries A, $33M, $33.9M raised to date
- $32.7MFunding RoundFunding Round, $32.7M, $66.5M raised to date
- $53MSeries BSeries B, $53M, $120M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Who has invested in Lemonade Finance
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 18 May 2026 | Lemonade Finance Corporate | Tether | Not disclosed |
| 14 Jan 2025 | Lemonade Finance Series B | Highland Europe +4 | $53M |
| 16 Oct 2024 | Lemonade Finance Funding Round | Not disclosed | $32.7M |
| 24 Aug 2023 | Lemonade Finance Series A | Left Lane Capital +4 | $33M |
| 01 Jul 2022 | Lemonade Finance Seed | Sprint Vc +1 | Not disclosed |
| 01 Nov 2021 | Lemonade Finance Pre-seed | Y Combinator +3 | $725K |
| 07 Jul 2021 | Lemonade Finance Seed | Y Combinator | $125K |
Lemonade Finance founders & team
- Rian CochranCo-Founder
- Olalere RidwanCEO
Lemonade Finance competitorssame sector · similar funding
- DashAccra, Ghana
- FirstmonieLagos, Nigeria
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Frequently asked about Lemonade Finance
- Where is Lemonade Finance based and when was it founded?
- Lemonade Finance is headquartered in Lagos, Nigeria and was founded in 2020.
- Who founded Lemonade Finance?
- Lemonade Finance was founded by Rian Cochran (Co-Founder).
- Who is the CEO of Lemonade Finance?
- Olalere Ridwan is Lemonade Finance's CEO.
- How much funding has Lemonade Finance raised?
- Lemonade Finance has raised $120M across 7 disclosed rounds. Its latest, a Corporate, was announced on May 18, 2026.
- Who has invested in Lemonade Finance?
- Backers include Tether, Highland Europe, Left Lane Capital, Palm Drive Capital and 11 others.
- What sector is Lemonade Finance in?
- Lemonade Finance operates in Financial Services, FinTech and Payment.
