LemFi Hires Ex OPay COO, Allen Qu to lead China Expansion

Allen Qu will lead LemFi’s growth efforts amongst 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 company's growth to Unicorn status. 

LemFi, a financial technology company developing innovative international payment solutions, announced today that Allen Qu would serve as vice president of growth and lead the business’s expansion to China. 

This announcement comes after LemFi’s recent milestones, which include the launch of its services in the United States and a US$33 Million Series A Capital raise led by LeftLane Capital. 

Allen is no stranger to growing businesses in frontier markets. He has led the growth of companies to unicorn status, first with Beijing-based Proptech ke.com (NASDAQ:BEKE) and later with African Fintech company OPay, a financial services subsidiary of Opera Software AS (NASDAQ: OPRA). 

Allen will draw from his professional wealth of experience to secure critical partnerships, grow LemFi’s customer base within the Chinese market, and innovate the product further to cater to the new audience. 

“Over 60 million Chinese diaspora worldwide, and those traditional financial companies underserve many. As a fintech company with a deep understanding of immigrants, LemFi is uniquely positioned 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: 

“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. It remains committed to offering accessible and transparent financial services to migrant communities across the globe. For more information, visit www.lemfi.com