The remittance space is steadily growing. More than $20 billion has been sent to African countries in the past two years.
Here is a list of remittance companies that help the Diaspora send money back home:
1. LemFi
LemFi is a remittance service designed to help people send money to Africa quickly and affordably. The app is currently available to users in Canada, the United Kingdom, and the United States.
Users can send money to many 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 many countries including Ghana, Kenya, Rwanda, and Nigeria.
3. Send with Flutterwave
Posted by Flutterwave is a remittance service that allows users to send money to Africa and beyond by leveraging Flutterwave’s extensive payment infrastructure.
Users can send money to many countries including Cameroon, Senegal, Ivory Coast, Ghana, Kenya, and Nigeria
4. Afriex
Afriex is a remittance platform that offers free money transfers to many African countries. It focuses on providing fast and affordable services. Users can send money from the US, 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. Leather spine
Leather back 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 offering mobile-based, fee-free P2P payment services across Africa and beyond.
7. Zeepay
Zeepay is a Ghanaian fintech company 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 cost across Africa and Europe.
Users can send money to countries including Nigeria, Ghana, Kenya, Rwanda, Tanzania, Cameroon, and Ivory Coast.
9. Sendwave
Sendwave is a mobile app to send money instantly to Africa and Asia with no fees and competitive exchange rates.
Users can send money to countries including Nigeria, Ghana, Kenya, Rwanda, and Yes.
10. Tap Tap Send
Tap Tap Send is an application that enables instant and low-cost money transfers to Africa and Asia, with a focus on ease of use and affordability.
Users can send money to countries including DR Congo, Ghana, Ethiopia, Egypt, and Ivory Coast.
Honorable Mention
Wise
Wiseformerly known as TransferWise, is one of the largest online banking platforms in the world. It enables users from different parts of the world to transact in multiple currencies at significantly lower fees compared to traditional competitors.
Stay up to date with news and other items on our WhatsApp Community Page, Twitter/Xand subscribe to our weekly newsletter to make sure you don’t miss any news.
Related
