• Tuesday, June 25, 2024
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BusinessDay

International payments app LemFi launches in the USA

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LemFi, a leading fintech company specialising in international payments for everyone, proudly announces its official launch in the United States. Building on its recent success as a licensed International Money Transfer Operator through its subsidiary RightCard Payments Limited by the Central Bank of Nigeria, LemFi is excited to bring its innovative digital money transfer services to customers in the American market.

The United States of America has long been a sought-after destination for Africans, particularly Nigerians seeking diverse living opportunities. Since 2015, Nigerian immigrants have accounted for over 0.6% of the overall foreign-born population in the United States, making it one of the largest single sources of African migration.

LemFi stands out as a prominent force in the African fintech landscape, experiencing impressive growth and transformation with invaluable support from distinguished venture capital partners like Zrosk, Ventures Platform Fund, and Microtraction. This collaboration has fueled LemFi’s innovation drive and global expansion of its international payments services.

With a shared vision of providing secure and accessible financial solutions, LemFi’s USA launch marks a significant milestone. Kola Aina, a Partner at Ventures Platform Fund, underscores the importance of Nigeria’s Diaspora remittances in mitigating foreign exchange scarcity and maintaining the nation’s forex reserves.

In light of this, he expresses pride in LemFi’s seamless execution and the empowerment it offers African diasporans. Aina states, “We are very proud of the progress LemFi has made in executing flawlessly and offering a platform that empowers African diasporans to maintain their financial and non-financial ties with Nigeria and the rest of Africa. LemFi truly unlocks opportunities for millions.”

With the US launch, LemFi enables individuals in the United States to experience the convenience, speed, security, and affordability the company offers, making sending money to friends and family back home effortless. LemFi aims to provide secure, efficient, and affordable money transfer services.

As an Electronic Money Institution (EMI) licensed 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 standards of financial compliance. In the United States of America, LemFi operates as a Financial Technology company registered under the name “Lemonade Two.”

LemFi’s user-friendly platform, with competitive exchange rates and fast transactions, has made it a preferred choice for thousands of customers in the United Kingdom and Canada. Commenting on the US launch, LemFi’s Country Manager, Dolapo Omotoso, expressed, “We are thrilled to expand our services to the United States and provide Americans with a reliable solution for their international payments. Our vision at LemFi is deeply rooted in empowering individuals, bridging distances, and fostering international payments. With the official launch of LemFi in the United States, we are driven to make a meaningful impact in the lives of millions, connecting loved ones and unlocking new opportunities.

For more information and updates on LemFi’s services, please visit our website at www.lemfi.com and join us on this exciting journey. Stay connected with the latest news and developments by following us on:

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Email: [email protected]