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LemFi (Formerly Lemonade Finance)
Information by Research TrustFinance
Founded in 2020 as Lemonade Finance, the company rebranded to LemFi to better reflect its mission of providing "limitless" financial services for immigrants. LemFi's core service is a mobile application that allows users, particularly Africans living abroad in countries like the UK, USA, and Canada, to send, receive, and hold money in multiple currencies. The platform aims to eliminate the high fees and complexities typically associated with cross-border payments, empowering its users with more accessible and affordable financial tools. In the UK, their services are provided by Rightcard Payment Services Limited, an authorized Electronic Money Institution.
United States
Industry
Financial