UK-headquartered ClearBank powers 37,000 virtual accounts/e-wallets for LemFi's customers. In September 2023, LemFi hit 550,000 transactions in a month, according to a statement seen by Bendada.com.
Lemonade solves a problem that Africans in the diaspora face: sending and receiving money from their home countries in efficient, affordable, and fast ways.
Cross-border payments are a source of pain for Africans. Lemonade wants to solve the usage restrictions, long transaction completion time and high fees.