LemFi launches in US offering digital money transfers

Wednesday 23 August 2023 14:43 CET | News

LemFi, a fintech specialising in international payments, has launches in the US, offering digital money transfer services to empower African diaspora.


Following its recent success as a licensed International Money Transfer Operator through its subsidiary, RightCard Payments Limited, authorised by the Central Bank of Nigeria, LemFi is excited to bring its innovative digital money transfer services to American customers.

The USA has long been a desirable destination for Africans, especially Nigerians seeking diverse living opportunities, as LemFi found out. Since 2015, Nigerian immigrants have comprised over 0.6% of the total foreign-born population in the US, making it one of the largest sources of African migration.

LemFi, a fintech specialising in international payments, has launches in the US, offering digital money transfer services to empower African diaspora.


LemFi is a notable player in the African fintech landscape, experiencing growth and change with backing from venture capital partners such as Zrosk, Ventures Platform Fund, and Microtraction. This partnership has fuelled LemFi’s innovation and the global expansion of its international payments services.

The USA launch signifies a significant achievement in line with the shared objective of providing secure and accessible financial solutions. Kola Aina, a Partner at Ventures Platform Fund, underscores the role of Nigeria’s Diaspora remittances in addressing foreign exchange scarcity and maintaining the nation’s forex reserves. He expresses pride in LemFi’s effective execution and its empowerment of the African diaspora.

What does LemFi offer?

As the company sees it, with the US launch, LemFi grants individuals in the United States the chance to enjoy the convenience, speed, security, and affordability that the company provides, making money transfers to friends and family back home effortless. LemFi's aim is to deliver secure, efficient, and economical money transfer services.

As an Electronic Money Institution (EMI) authorised by the UK’s Financial Conduct Authority (FCA) and a registered Money Service Business (MSB) with Canada’s Financial Transactions and Report Analysis Centre, LemFi upholds the highest financial compliance standards. In the US, LemFi operates as a Financial Technology company under the name Lemonade Two.

LemFi's practical platform, valued for fair rates and fast transactions, is well-liked by UK and Canadian users. LemFi's Country Manager, Dolapo Omotoso, welcomes the US launch, aiming to provide Americans a reliable global payment solution. LemFi's vision focuses on empowerment and seamless cross-border transactions, in line with its commitment to positive impact.

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Keywords: fintech, cross-border payments, digital currency, money transfer, financial services
Categories: Payments & Commerce
Companies: LemFi
Countries: United States
This article is part of category

Payments & Commerce


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