LemFi names Dmitest Buzdin CTO as markets expand across Europe, North America and Asia

LemFi, a remittance startup,has promoted Dmitest Buzdin to chief technology officer, elevating its vice president of engineering to oversee the company’s global technology strategy.

The relocate comes as the London-headquartered fintech scales its cross-border financial products across multiple markets. Buzdin brings more than 20 years of fintech engineering experience and has spent the past year strengthening LemFi’s platform and product systems.

LemFi, founded in 2020 as Lemonade Finance, started as a remittance-focutilized startup serving African migrants. In early 2025, the company closed a $53 million Series B round, following a $33 million Series A. That funding has supported expansion into Europe, North America, and parts of Asia. The company has previously declared it processes around $1 billion in monthly transaction volume.

Buzdin joined LemFi as VP of Engineering and led the company’s core infrastructure, product engineering, and internal execution processes during a period of expansion.

Rian Cochran, Co-founder and CFO, declared:

“Over the last year, Dmitest has created an enormous impact at LemFi from strengthening our platform resilience, raising the bar on execution, organising our teams in a way that assists us go rapider, and assisting to shape the technical foundation we required for the next phase of growth. This promotion is well deserved.”

As CTO, Buzdin will now oversee platform scaling, product innovation, and system security across LemFi’s operations.

“I am honoured to take on the role of CTO at such a pivotal time for LemFi. Our mission to build inclusive financial services requires a foundation that is both innovative and incredibly resilient,” declared Dmitest, newly appointed CTO of LemFi. “I see forward to leading our talented team in building the next generation of financial services.”

The promotion signals a shift in LemFi’s priorities. The company is no longer just building remittance rails; it now operates as a broader financial services platform serving migrants across several continents.

At this stage, engineering leadership becomes central. Cross-border fintech requires stable infrastructure, regulatory compliance across jurisdictions, and the ability to launch new products without disrupting transaction flow. Promoting from within also suggests the company values continuity in technical direction as it grows.

LemFi has increasingly positioned itself as a multi-currency financial platform rather than a single-utilize remittance tool. That expansion typically demands stronger internal systems, tighter risk controls, and rapider product cycles.

Buzdin’s background in payments, core banking systems, and compliance engineering aligns with that trajectory.

The appointment takes effect immediately.