LemFi, a prominent fintech company specializing in international payments, has officially launched its services in the United States. Leveraging its success as a licensed International Money Transfer Operator through its subsidiary RightCard Payments Limited by the Central Bank of Nigeria, LemFi is excited to introduce its innovative digital money transfer solutions to customers in the American market.
The United States has long been a desired destination for Africans, including Nigerians seeking diverse opportunities. Nigerian immigrants have constituted a significant portion of the foreign-born population in the US since 2015, accounting for over 0.6% of the overall figure, making it one of the largest sources of African migration.
LemFi has emerged as a leading force in the African fintech landscape, fueled by support from distinguished venture capital partners such as Zrosk, Ventures Platform Fund, and Microtraction. This collaboration has driven LemFi’s growth and global expansion of international payment services. The USA launch signifies a significant achievement, aligning with a vision to offer secure and accessible financial solutions. Kola Aina, a Partner at Ventures Platform Fund, emphasizes the pivotal role of Nigeria’s Diaspora remittances in addressing foreign exchange scarcity and bolstering forex reserves. Aina praises LemFi for its seamless execution and empowerment of African diasporans, unlocking opportunities for millions.
With its US launch, LemFi enables individuals in the US to experience the convenience, speed, security, and affordability it offers, simplifying the process of sending money to friends and family abroad. LemFi aims to deliver secure, efficient, and cost-effective money transfer services. Holding licenses as an Electronic Money Institution (EMI) from the UK’s Financial Conduct Authority (FCA) and a registered Money Service Business (MSB) from Canada’s Financial Transactions and Report Analysis Centre, LemFi prioritizes financial compliance. In the US, LemFi operates as a Financial Technology company under the name “Lemonade Two.”
LemFi’s user-friendly platform, competitive exchange rates, and swift transactions have earned it popularity among customers in the United Kingdom and Canada. Dolapo Omotoso, LemFi’s Country Manager, expressed enthusiasm for expanding services to the US, offering Americans a reliable solution for international payments. LemFi’s vision centers on empowerment, bridging distances, and facilitating international payments. The official launch in the US reflects LemFi’s commitment to making a positive impact, connecting loved ones, and unlocking new opportunities.