Ashurst advises on sale of UK-based fintech Pillar Labs to global payments platform LemFi
17 June 2025
Global law firm Ashurst is advising Ashutosh Bhatt, the founder of Pillar Labs, on the company’s sale to global fintech payments platform LemFi.
Pillar Labs is a UK-based fintech company which offers credit services, breaking down credit borders and unlocking access to financial products for consumers around the world. Founded in 2021, LemFi is an international payments platform aimed at supporting the global remittance economy.
Through the acquisition, LemFi will have access to Pillar's proprietary credit scoring technology and its FCA credit licence. Founders Ashutosh Bhatt and Adam Lewis will also join the team.
The Ashurst team was led by Tech M&A partner Chris Grey, supported by associate Patrick Chambers. Partner Ruth Buchanan and associate Katharine Foster advised on employment aspects, while tax advice was led by partner Nicholas Gardner, with senior associate Shayaan Zaraq Bari and associates Monique Thompson and Christopher Phillips. Partner Timothy Cant led on financial regulatory matters.
