The remittance space is steadily growing. More than $20 billion has been sent to African countries over the last couple of years.
Here is a list of remittance companies that are currently helping the Diaspora to send money back home:
1. LemFi
LemFi is a remittance service designed to help individuals send money to Africa quickly and affordably. The app is currently available to users in Canada, UK, and the United States.
Users can send money to multiple countries including Benin, Cameroon, Ivory Coast, Ghana, and Tanzania.
2. Nala
Nala is a money transfer app focused on providing a seamless and affordable way for people in the diaspora to send money to their families and friends in Africa.
Users can send money to multiple countries including Ghana, Kenya, Rwanda, and Nigeria.
3. Send by Flutterwave
Send by Flutterwave is a remittance service that allows users to send money to Africa and beyond, leveraging Flutterwave’s extensive payment infrastructure.
Users can send money to multiple countries including Cameroon, Senegal, Cote D’Ivoire, Ghana, Kenya, and Nigeria
4. Afriex
Afriex is a remittance platform that offers free money transfers to several African countries. It focuses on providing fast and affordable services. Users can send money from USA, UK, Canada, and Europe (France, Italy, Germany, Spain, Ireland, Netherlands, Romania, and Belgium).
Users can send money to countries including Nigeria, Ghana, Ethiopia, and Cameroon.
5. Leatherback
Leatherback offers cross-border payment solutions and digital banking services, focusing on simplifying international transactions for businesses and individuals.
6. Chipper Cash
Chipper Cash is a financial technology company that offers mobile-based, no-fee, P2P payment services across Africa and beyond.
7. Zeepay
Zeepay is a fintech company from Ghana that provides digital remittance services and other financial solutions, targeting the African diaspora.
8. Eversend
Eversend is a multi-currency e-wallet that allows users to exchange, save, and send money at low costs across Africa and Europe.
Users can send money to countries including Nigeria, Ghana, Kenya, Rwanda, Tanzania, Cameroon, and Côte d’Ivoire.
9. Sendwave
Sendwave is a mobile app for sending money instantly to Africa and Asia with no fees and at competitive exchange rates.
Users can send money to countries including Nigeria, Ghana, Kenya, Rwanda, and Mali.
10. TapTap Send
TapTap Send is an app that enables instant and low-cost money transfers to Africa and Asia, focusing on ease of use and affordability.
Users can send money to countries including DR Congo, Ghana, Ethiopia, Egypt, and Ivory Coast.
Honorable Mention
Wise
Wise, formerly known as TransferWise, is one of the world’s largest online banking platforms. It empowers users from various parts of the world to transact in multiple currencies with significantly lower fees compared to traditional rivals.
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