LemFi

LemFi


Product Details

About LemFi

Requirements for savings

    States Covered

    None

    Provider Details

    About provider


    What is LemFi?


    LemFi (formerly AfriSend) is a leading International Money Transfer Operator (IMTO) dedicated to empowering migrants and businesses with fast, secure, and affordable cross-border payments. Founded with the mission to revolutionize financial inclusion, LemFi enables users to send money to over 21+ countries—including key corridors like the US to Nigeria, UK to China, and Canada to Ghana—with competitive exchange rates and zero or low fees.


    Core Services:


    ● Multi-Currency Wallets: Hold and transfer funds in USD, GBP, EUR, CAD, and more.

    ● Instant Transfers: Deliver funds within minutes via bank deposits, mobile wallets (e.g., Alipay, WeChat Pay), or card transfers.

    ● Transparent Pricing: No hidden fees, with real-time rate calculators for informed decisions.


    LemFi’s vision centers on bridging financial gaps for underserved communities, offering a seamless platform for personal remittances and business transactions.

     

    Who Owns and Operates LemFi?


    LemFi was co-founded in 2020 by Ridwan Olalere and Rian Cochran, fintech veterans committed to addressing the challenges faced by African migrants. The leadership team includes executives from top firms like Monzo, Uber, and Kraken, ensuring a blend of innovation and regulatory expertise.


    Key Partnerships:


    ● Regulated by FCA (UK), FINTRAC (Canada), and FinCEN (US) for compliance.

    ● Collaborates with over 100 global banks and mobile money providers to expand accessibility.


    How Does LemFi Work?


    Sending money with LemFi is simple:


    1. Sign Up: Download the app, verify your identity (KYC), and create a multi-currency wallet.

    2. Choose Recipient: Select a destination country and enter recipient details (bank account, mobile wallet, etc.).

    3. Transfer Funds: Enter the amount, review fees and exchange rates, and confirm the transaction.

    4. Track Transfers: Monitor real-time status via the app or email notifications.

     

    What Are the Fees and Exchange Rates?


    LemFi prioritizes affordability:


    ● Zero Transfer Fees: Most corridors (e.g., US to Nigeria) have no fees.

    ● Competitive Rates: Rates up to 10% better than traditional banks, updated in real time.

    ● Loyalty Rewards: Earn points for transfers over $20, redeemable for future discounts.

     

    How Fast Are Transfers with LemFi?


    ● Instant Delivery: 90% of transfers arrive within minutes via mobile wallets or bank deposits.

    ● Factors Affecting Speed: Recipient bank processing times (rarely over 24 hours).

     

    Is LemFi Secure and Regulated?


    LemFi adheres to strict security protocols:


    ● Encryption & 2FA: Protects user data and transactions.

    ● AML/KYC Compliance: Mandatory ID verification to prevent fraud.

    ● Regulatory Licenses: Authorized by FCA, FINTRAC, and FinCEN.

     

    Supported Countries and Payment Methods


    Send From: US, UK, Canada, EU countries.

    Receive In: Nigeria, China, Ghana, Kenya, Pakistan, and 15+ others.


    Popular Corridors:


    ● US → Nigeria (zero fees, instant delivery).

    ● UK → China (Alipay/WeChat support).

    CONTACT ADDRESS
    Faiths Street. Maidstone Kent. United Kingdom ME14 1LH
    WEBSITE
    PHONE NUMBER
    7025054976
    EMAIL
    support@lemfi.com
    Product Details

    About LemFi

    Requirements for savings

      States Covered

      None

      Provider Details

      About provider


      What is LemFi?


      LemFi (formerly AfriSend) is a leading International Money Transfer Operator (IMTO) dedicated to empowering migrants and businesses with fast, secure, and affordable cross-border payments. Founded with the mission to revolutionize financial inclusion, LemFi enables users to send money to over 21+ countries—including key corridors like the US to Nigeria, UK to China, and Canada to Ghana—with competitive exchange rates and zero or low fees.


      Core Services:


      ● Multi-Currency Wallets: Hold and transfer funds in USD, GBP, EUR, CAD, and more.

      ● Instant Transfers: Deliver funds within minutes via bank deposits, mobile wallets (e.g., Alipay, WeChat Pay), or card transfers.

      ● Transparent Pricing: No hidden fees, with real-time rate calculators for informed decisions.


      LemFi’s vision centers on bridging financial gaps for underserved communities, offering a seamless platform for personal remittances and business transactions.

       

      Who Owns and Operates LemFi?


      LemFi was co-founded in 2020 by Ridwan Olalere and Rian Cochran, fintech veterans committed to addressing the challenges faced by African migrants. The leadership team includes executives from top firms like Monzo, Uber, and Kraken, ensuring a blend of innovation and regulatory expertise.


      Key Partnerships:


      ● Regulated by FCA (UK), FINTRAC (Canada), and FinCEN (US) for compliance.

      ● Collaborates with over 100 global banks and mobile money providers to expand accessibility.


      How Does LemFi Work?


      Sending money with LemFi is simple:


      1. Sign Up: Download the app, verify your identity (KYC), and create a multi-currency wallet.

      2. Choose Recipient: Select a destination country and enter recipient details (bank account, mobile wallet, etc.).

      3. Transfer Funds: Enter the amount, review fees and exchange rates, and confirm the transaction.

      4. Track Transfers: Monitor real-time status via the app or email notifications.

       

      What Are the Fees and Exchange Rates?


      LemFi prioritizes affordability:


      ● Zero Transfer Fees: Most corridors (e.g., US to Nigeria) have no fees.

      ● Competitive Rates: Rates up to 10% better than traditional banks, updated in real time.

      ● Loyalty Rewards: Earn points for transfers over $20, redeemable for future discounts.

       

      How Fast Are Transfers with LemFi?


      ● Instant Delivery: 90% of transfers arrive within minutes via mobile wallets or bank deposits.

      ● Factors Affecting Speed: Recipient bank processing times (rarely over 24 hours).

       

      Is LemFi Secure and Regulated?


      LemFi adheres to strict security protocols:


      ● Encryption & 2FA: Protects user data and transactions.

      ● AML/KYC Compliance: Mandatory ID verification to prevent fraud.

      ● Regulatory Licenses: Authorized by FCA, FINTRAC, and FinCEN.

       

      Supported Countries and Payment Methods


      Send From: US, UK, Canada, EU countries.

      Receive In: Nigeria, China, Ghana, Kenya, Pakistan, and 15+ others.


      Popular Corridors:


      ● US → Nigeria (zero fees, instant delivery).

      ● UK → China (Alipay/WeChat support).

      CONTACT ADDRESS
      Faiths Street. Maidstone Kent. United Kingdom ME14 1LH
      WEBSITE
      PHONE NUMBER
      7025054976
      EMAIL
      support@lemfi.com

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