---
title: 'Head of Credit Finance at LemFi'
canonical: 'https://feeny.ai/job/head-of-credit-finance-lemfi-london-yvzcpdrhmram'
type: 'job'
last_seen: '2026-09-07'
---

# Head of Credit Finance at LemFi

- **Company:** LemFi
- **Location:** London, United Kingdom
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-08-20
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.ashbyhq.com/lemfi/ba662f51-ce3b-42cf-b009-aa0ec46230e5

## Job description

LemFi (Series B) is building the go-to financial app for the Global South.

Moving to a new country shouldn’t mean starting from zero. That's why our team of 400+ spanning 20+ countries is building a financial ecosystem that helps immigrants stay connected to home, build stability, and create wealth regardless of where they are from or where they live.

What began as fast, affordable remittances is now evolving into a complete platform for multi-currency accounts, payments, credit, and long-term financial growth.

With millions of users across the globe, we process over $1B in monthly transactions to 30+ countries, proving that borders shouldn't limit financial opportunity.

## ABOUT THE ROLE

We've built a remittance business at scale, and credit is where we take it next: deepening the relationship with the customers we already have, and opening a front door to a whole new set who have never used LemFi before. Live in the UK, with further markets to follow.The credit management and product teams are well established and the business is trading. With a warehouse facility now secured, the piece that's missing is a finance leader alongside them. As the first finance hire dedicated to credit, you'll own the accounting for the business end to end: the loan book and the funding structures behind it.

If you've done credit finance inside a specialist lender and want to own the whole of it rather than a slice, at the point where a business is scaling rather than after the fact, this is a rare one.

## WHAT YOU'LL BUILD AND OWN

- End-to-end accounting ownership for the credit portfolio, ensuring compliance with IFRS 9 standards regarding recognition, effective interest, and impairment. You will maintain robust accounting policies and clearly document technical positions.
- Leadership of the credit provisioning process. This includes collaborating with credit risk on ECL methodology and assumptions, integrating model outputs into the general ledger, and preparing all necessary financial disclosures with the ability to articulate movements to stakeholders.
- Management of the warehouse facility finance function, including oversight of borrowing bases, drawdown requests, eligibility testing, covenant compliance, and lender reporting. You will also lead the financial integration of new funding facilities.
- Optimisation of the operational model. You will assess current controls and reconciliations—including drawdowns, collections, and waterfall payments, to identify potential friction points and implement scalable processes as the business expands across jurisdictions.
- Driving reporting efficiency in partnership with the data team to automate pipelines between lending systems and NetSuite, minimizing reliance on manual processes as a core, ongoing strategic objective.
- Collaborative cash management with the treasury function, ensuring accurate handling of collections, sweeps, collateral accounts, and inter-entity funding.
- Statutory reporting. Separate ledgers, intercompany and servicer arrangements, entity financial statements under the applicable GAAP, and a clean consolidation into group.
- Responsibility for FCA regulatory returns and capital adequacy assessments, providing the business with proactive visibility into regulatory headroom and funding requirements.
- Technical accounting and the audit relationship. Leading on the adoption of new accounting standards, and acting as the main point of contact for the auditors on credit.
- Strategic team development and financial analysis. You will build out the credit finance function as the portfolio grows, delivering reliable insights to FP&A, the CFO, and the board regarding cost of funds, unit economics, and portfolio performance.

## YOUR EXPERIENCE

- Specialist experience in SPV and structured finance accounting. You've worked on the accounting and reporting for warehouse facilities, securitisation vehicles or forward flow structures.
- Familiarity with funding mechanics. Borrowing bases, eligibility and concentration tests, advance rates, drawdowns and repayments, waterfalls, and covenant compliance reporting.
- Lending experience. You know your way around a loan book: interest recognition, fee amortisation, impairment and ECL, write-offs and recoveries.
- A good grounding in IFRS 9, ideally including involvement in a credit provisioning process.
- ACA, ACCA, ICAEW, CIMA or an equivalent accounting qualification.
- You like improving and building processes as much as running them, and you're happy somewhere fast-moving where not everything is fully built yet.
- You've worked directly with lenders and external auditors.
- Comfortable with data at volume, and reconciling across systems.
- Proactive and organised. A lot of the deadlines here are external, and you keep on top of them.

## NICE TO HAVE

- Experience at a specialist lender, consumer credit business or credit-focused fintech.
- FCA regulatory reporting and capital adequacy experience for a regulated lending entity.
- You've helped stand up a warehouse facility, or taken a business from one facility to several.
- Multi-entity, multi-currency and multi-jurisdiction reporting experience.
- Familiarity with more than one framework: IFRS, FRS 102 or US GAAP.
- NetSuite experience.
- Familiarity with Snowflake, Tableau or Looker.

WHY JOIN LEMFI?

Love shouldn’t be expensive, yet those working hardest for their families often face predatory fees and banking exclusion. We're changing this.

At LemFi, you won’t be just a cog in a machine. Whether designing products, scaling operations, or telling our story, you’ll tackle complex challenges with real, immediate impact. Your work goes beyond metrics - it puts money back in families’ pockets and offers access to the previously excluded. Join us to make a meaningful difference, where high performance is a lifeline for millions.

You can connect with us on LinkedIn https://www.linkedin.com/company/lemfi/ and Instagram https://www.instagram.com/uselemfi/ and if you haven't already, download the app on the App Store https://apps.apple.com/gb/app/lemfi/id1533066809 or Google Play https://play.google.com/store/apps/details?hl=en&id=com.lemonadeFinance.android.

## About LemFi

## Company Overview
- **One-liner**: LemFi is a financial technology company that provides multi-currency wallets and international payment services tailored for immigrants and the Global South.
- **Entity Type**: Private (Venture Capital-Backed)
- **Headquarters**: Toronto, Canada (also has offices in Oakland, California and London, UK)
- **Founded**: 2020
- **Founders**: Not publicly listed on the main company page, but former known as Lemonade Finance.

## Core Business
- Primary industry: Financial Services / FinTech (International Payments and Remittances)
- Target customers: B2C — primarily immigrants and diaspora communities, with a focus on serving the Global South. They also offer B2B capabilities for international payment needs.
- Mission/Purpose: *"To improve the financial life of the next generation of immigrants."* The company focuses on solving the financial hurdles people face when moving to a new country.

## Products & Services
- **International Money Transfer**: Send money to 30+ countries with zero transfer fees and competitive exchange rates.
- **Multi-Currency Wallet**: Open and manage accounts in multiple currencies, with the ability to convert and hold funds.
- **Request Money**: Send payment requests or share a payment link for easy collections.
- **eSIM**: "Instant Connection, Anywhere you go" — providing mobile connectivity services for travelers and immigrants.

## Market Standing
- **Valuation**: Not publicly disclosed.
- **Key Metric**: Total funding raised of approximately **$85.6M** (per PitchBook).
- **Customers**: Over **1,000,000+ customers** as of their last update.
- **Notable Investors/Partners**: Backed by 45 investors including **Armyn Capital, Endeavor Catalyst, Highland Europe, Silverbacks Holdings, and Stonewater Ventures**. They have partnerships with Visa (cross-border payments), ClearBank (agency banking services), and have recently hired former OPay COO, Allen Qu, to lead China expansion.
- **Growth Signals**: 
  - Headcount growth: Over 200+ employees (300 per PitchBook, 121 on Built In).
  - Expanded to serve China and South Asia.
  - High-growth trajectory with a focus on remittance-heavy corridors (UK, US, Canada).
- **Recent Deal**: Merged with Pillar (Financial Software) in June 2025 (per PitchBook).

## Competitive Advantages
- **Zero Fees**: Zero transfer fees and competitive exchange rates are a key differentiator in the remittance market.
- **Laser Focus on Immigrants**: The company's entire product suite is designed around the immigrant experience (multi-currency wallets, requests, eSIM) rather than being a general money transfer app.
- **Speed**: "Usually delivered in minutes" — faster than traditional remittance services.
- **Strong Backing**: A large, high-quality investor base (45 investors) and strategic partnerships (Visa, ClearBank) provide a solid moat.
- **Experienced Team**: Team members come from top companies including Monzo, Opera, Kraken, Kaufland, Uber, and Andela.

## Strategic Focus
- **Global Expansion**: Explicit focus on entering China, South Asia, and other key corridors for immigrants.
- **Product Ecosystem**: Moving beyond simple transfers into multi-currency wallets, payment requests, and mobile connectivity (eSIM).
- **Scale Infrastructure**: Hiring key leadership (VP of Growth, Head of Finance & Business Intelligence, VP of Cards) to professionalize operations and build for scale.
- **Partnerships**: Deepening relationships with Visa and banks to expand reach and capabilities.

## Why Work Here
- **Remote/Hybrid/Office**: The company supports a hybrid and remote work model. Offices in Oakland (US), London (UK), and Toronto (Canada).
- **Culture & Perks**: Described as a high-growth, mission-driven environment building a product for a tangible impact on immigrants' lives.
- **Team Size & Growth**: The company is on a strong growth trajectory (from 121 to 300 employees in a short period), offering significant upside for early employees.
- **Engineering & Product Focus**: The team includes roles like VP of Cards and Head of Infrastructure, suggesting a strong technical spine.
- **Diverse Locations**: Opportunities to work in Canada, the UK, the US, Nigeria, and the Philippines, reflecting a truly global operation.

## Sources
1. [lemfi.com](https://lemfi.com/)
2. [lemfi.com/en-at/about](https://lemfi.com/en-at/about)
3. [jobs.ashbyhq.com/lemfi](https://jobs.ashbyhq.com/lemfi)
4. [builtin.com/company/lemfi](https://builtin.com/company/lemfi)
5. [pitchbook.com/profiles/company/458201-62](https://pitchbook.com/profiles/company/458201-62)

## Other roles at LemFi

- [MLRO, Ireland (PCF-52)](https://feeny.ai/job/mlro-ireland-pcf-52-lemfi-dublin-0c32zy4g4pwk) — Dublin, Ireland
- [Head of Operations - Ireland (COO - PCF-42)](https://feeny.ai/job/head-of-operations-ireland-coo-pcf-42-lemfi-dublin-t1gqmnbwxsmx) — Dublin, Ireland
- [Growth Manager - US to Ghana](https://feeny.ai/job/growth-manager-us-to-ghana-lemfi-united-states-nv5xmt3n4xrt) — United States
- [People Operations Coordinator](https://feeny.ai/job/people-operations-coordinator-lemfi-london-7geaaqx9pn1g) — London, United Kingdom
- [Senior Accountant - LemFi Europe](https://feeny.ai/job/senior-accountant-lemfi-europe-lemfi-dublin-77k2tg0hw6hk) — Dublin, Ireland
- [Staff Data Scientist](https://feeny.ai/job/staff-data-scientist-lemfi-london-rgb8ya5e3xn9) — London, United Kingdom
- [Senior Manager, Collections](https://feeny.ai/job/senior-manager-collections-lemfi-london-5smcggracvg0) — London, United Kingdom
- [Security Engineer](https://feeny.ai/job/security-engineer-lemfi-london-mjp9jze6zdfr) — London, United Kingdom
- [Reconciliation Specialist](https://feeny.ai/job/reconciliation-specialist-lemfi-united-kingdom-y03fz7z174j7) — United Kingdom
- [Senior Reconciliation Specialist](https://feeny.ai/job/senior-reconciliation-specialist-lemfi-united-kingdom-mx9qxjakhwd9) — United Kingdom