Overview
LemFi, formerly known as AfriSend, is a cross-border payment platform designed to serve the financial needs of African migrants. The platform has expanded its services globally, enabling users to send money to India, China, Pakistan, Nigeria, Ghana, Kenya, and 30 other countries. LemFi caters to individuals and families who need reliable, affordable international money transfer services, particularly targeting diaspora communities seeking to support loved ones back home.
Key Features
Zero Transfer Fees
Fee-free transfers or flat fees as low as $0–$1.99, depending on the destination
Multi-Currency Wallet
Hold, send, and receive in USD, EUR, GBP, CAD, and more, all within one app
Global Reach
Send to 20+ countries, including India, Nigeria, Pakistan, China, and beyond
Competitive Exchange Rates
Always uses the true interbank rate with a very small markup
Fast Transfers
Fast, Reliable Delivery with real-time notifications
Pros & Cons
Advantages
- Zero or ultra-low transfer fees
- Near mid-market exchange rates
- Multi-currency wallet support
- 24/7 customer support
- Mobile-first design and user experience
Limitations
- Limited to 30+ countries only
- Newer platform with a growing reputation
- May have transfer limits for new users
- Some destinations may have longer processing times
Security Features
Data Protection & Encryption: All user information is stored behind firewalls on secure servers
User Authentication & Verification: Password requirements: minimum 8 to 256 alphanumeric and special characters
Regulatory Compliance: Fully registered with FCA (UK), FINTRAC (Canada), and FinCEN (United States)
App Security: Official app distribution only through the Google Play Store and the Apple iOS Store
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| International Transfers | $0 - $1.99 | Zero or Ultra-Low Fees – Enjoy fee-free transfers or flat fees as low as $0–$1.99, depending on the destination |
| Currency Exchange | Mid-market + small markup | Close to Mid-Market Exchange Rates – Always uses the true interbank rate with a very small markup |
| Multi-Currency Wallet | Free | Hold multiple currencies at no additional cost |
| Account Maintenance | Free | No monthly or annual fees |
Getting Started
Detailed Ratings
Final Verdict
LemFi stands out as an excellent choice for international money transfers, particularly for users seeking zero-fee transfers to developing markets. The platform’s regulatory compliance and competitive exchange rates make it a reliable option for diaspora communities.