Provider Insights
Today's LemFi Rates for Sending 100 Units in Base Currency
Customer Ratings Overview
Apple AppStore:
4.8 / 5
Google Play Store:
4.7 / 5Trustpilot:
4.1 / 5
LemFi in Numbers
Established:
2020
Active Competitive Corridors (on Sendrater, 5+ Providers):
21
Leading Corridors
(where in Top 3):
12
Customer Ratings:
LemFi enjoys strong customer satisfaction with average ratings above 4 stars.
About LemFi
Parent Company:
Lemonade Technology Inc.
Geographical Focus:
Lemonade Finance (LemFi) offers financial services to the African diaspora, focusing on facilitating money movement for Africans in North America and Europe. The company's current operational reach includes Canada and is expanding to include users in the UK and the US, with plans to serve over 10 African countries and Europe.
Licenses:
UK: Lemonade Technology Limited is registered with the Financial Conduct Authority (FCA), approved to conduct financial activities. Registration number: 935815.
Canada: LemFi is registered with the Financial Transactions and Report Analysis Centre of Canada, adhering to Canadian financial regulations.
US: Pomelo Technology US Inc and Pomelo Two US LLC operate as financial technology entities, with banking and remittance services provided by Community Federal Savings Bank, a US licensed financial institution.
Last Fundraising Round:
2023, $33 Million, Series A
Investors:
Notable investors including Left Lane, Y-Combinator, Zrosk, Global Founders Capital, Olive Tree, Microtraction, Ventures Platform, and Acuity Venture Partners. The funding is geared towards regulatory compliance, securing new licenses, and enhancing the company's product offering for the African diaspora.