Oakland-based financial services company Lemonade Finance has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer immigrants and businesses a more streamlined experience when sending money home to Africa.
By partnering with Currencycloud and providing business and consumer customers with multi-currency wallets, Lemonade Finance can make sending money home much easier for Africans living in North America and Europe. Now, Lemonade’s customers can not only hold multiple currencies but also settle to Lemonade Finance who then make onward payments to local African-based partners like Flutterwave.
Ridwan Olalere, Lemonade Finance CEO and Co-founder says: “Lemonade Finance is proud to partner with Currencycloud to continue delivering services that remain vital for Africans abroad. In an increasingly connected world, holding multiple currencies, and being able to send and receive money from home are top priorities for more than 38,000 African immigrants who use our app to send money to their loved ones. With this partnership, Africans abroad need never again encounter hold-ups sending money home to loved ones, or fail to pass on payments for necessities like school fees.”
Nick Cheetham, Chief Revenue Officer at Currencycloud commented, “There are millions of Africans who need to be able to send money home without friction. A Fintech like Lemonade Finance understands the needs of emigrants, and as such is successfully re-imagining how money flows for this huge market.”
The Lemonade Finance app is available to download from the App Store & Google Play now.
Notes to editors
About Lemonade Finance
Lemonade Finance makes it easy for Africans abroad to send and receive money from home instantly. With the Lemonade app, Africans abroad can securely hold, send and receive foreign and local currency. The Lemonade app is used by thousands of Kenyans, Nigerians and Ghanaians across North America, Europe, and will be available in the U.K soon. You can download the Lemonade app on Google Playstore and App store.
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US and the EU.