<ul data-eligibleForWebStory="true">LemFi, an immigrant financial services platform based in Oakland, California, has acquired UK credit fintech company Pillar.The acquisition follows LemFi raising $53M (approximately €46M) from Highland Europe earlier this year.Pillar's technology aims to help immigrants access credit products using unique data and analytics, powered by Open Banking.Pillar's co-founder expressed excitement about the partnership with LemFi to increase global credit access.LemFi recently launched LemFi Credit, the first remittance platform to integrate credit services.LemFi Credit has gained over 8,000 users with 18% weekly growth during a private beta.Users receive a virtual card compatible with Apple Pay and Google Pay, with physical Visa cards to be available later.The cards will leverage Pillar's technology to import international credit histories, assess creditworthiness, and facilitate credit building.Ridwan Olalere, LemFi CEO, highlighted the importance of credit within the LemFi app.The acquisition of Pillar enhances LemFi's ability to offer tailored credit services for immigrants.LemFi gains access to Pillar's technology, FCA credit license, and the expertise of Pillar's co-founders.LemFi, founded in 2021, provides financial services for immigrants, offering payments, remittances, and multi-currency accounts.The platform has over two million customers globally and $1B monthly transaction volume.LemFi plans to expand into Asia and Latin America, supported by $85M funding from investors like Y Combinator and Highland Europe.The company's team consists of 300+ individuals across Africa, Europe, and North America.