Currencycloud, Lemonade link to streamline African remittance payments

Cross-border payments firm Currencycloud has teamed with Lemonade Finance to provide immigrants and companies with a simpler experience for sending money home to Africa.

According to Currencycloud, Lemonade will be able to make sending money home easier for Africans living in North America and Europe through the partnership and providing firms and customers with multi-currency wallets.

Through the new agreement, 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.

Currencycloud CRO Nick Cheetham said, “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.”

Lemonade Finance CEO and co-founder Ridwan Olalere added, “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.”

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