For many international students from Africa, studying abroad comes with a deep sense of responsibility which is not just toward achieving academic success, but also toward supporting their families back home.
So whether it is contributing to household expenses for the family, paying school fees for siblings, or covering medical bills, sending money to loved ones back home is often part of the journey.
However, traditional money transfer methods can be slow, expensive, and complicated, especially when dealing with currency conversions and the high transaction fees. This is where LemFi has become a game changer.
In this post, we will explore what LemFi is about, how the platform works, and why it is quickly becoming the go to solution for international money transfers.
What is LemFi?
LemFi is a digital financial platform that allows users to send money across borders quickly and securely, with a strong focus on transfers between countries like the UK, USA, Germany, Canada, and to several African countries including Nigeria, Ghana, Kenya, and more.
What stands LemFi out is it’s mission to bridge financial gaps for the African diaspora. The platform eliminates the delays, high fees, and poor exchange rates often associated with traditional banks and remittance services.
LemFi is available as a mobile app, making it incredibly convenient. Once you download it and set it up, you can send money instantly to mobile money wallets or bank accounts back home, often with zero transfer fees and real time exchange rates.
LemFi is licensed and has regulatory approval in multiple regions of the world which makes it a trusted and secure solution, offering peace of mind for users sending funds to their families from abroad.
How to set up a LemFi account
Setting up your LemFi account is quick and straightforward. You can set up your account and begin making transfers within minutes by following the steps below
1. Download the LemFi app
First, download the LemFi mobile app from the Google play store or Apple app store.
2. Sign up with your phone number
After you install the app, open it and register using your phone number. Create your password and set up your basic profile information.
Note: Sign up with our referral link and use our referral code EUGENE24 to get a 15€ bonus after you send 50€ or more.
3. Link a payment method
Link your local bank account, debit/credit card, or other payment options available in your country.
4. Choose your wallet currency
LemFi allows you to hold and manage funds in multiple currencies. For example, you can receive money in GBP, CAD, or USD and convert it to NGN (Naira), GHS (Ghana Cedi), KES (Kenyan Shilling), etc, depending on your recipient’s location.
6. You are ready to send money
Once your account is verified and your payment method is linked, you can start sending money to your family in Africa.
How to send money with LemFi
Once your LemFi account is set up, sending money to your family back home is quick and hassle free.
Step 1: Log into the app
Open the LemFi app on your phone and log in using your phone number and password.
Step 2: Choose the recipient country
Select the African country you want to send money to. LemFi currently supports countries like Nigeria, Ghana, Kenya, Uganda, and Senegal. The app will automatically display the local currency.
Step 3: Enter the amount
Type in the amount you want to send. LemFi will immediately show you how much your recipient will receive in their local currency, including the current exchange rate. This transparency helps you make informed decisions.
Step 4: Add a recipient
If this is your first time sending money to a specific person, you will need to add their details such as bank account number and full name. You can save this details to easily select this recipient for future transfers.
Step 5: Choose a payment method
Select how you want to fund the transfer via linked bank account, debit/credit card, wallet balance (if you have preloaded funds).
Note: Different methods may have slightly different processing time or limit.
Step 6: Review and confirm
Review the transaction summary carefully before sending. Confirm the amount, recipient details, and delivery method.
Step 7: Get confirmation
LemFi will notify you instantly once the transaction is successful. Most transfers are completed within minutes, especially when sending to mobile money or major African banks.
Benefits of using LemFi
Here are some key benefits of using LemFi.
1. Fast transfers
LemFi allows international students to send money home in real time, with most transfers completed within minutes. This is especially important during emergencies, where speed can make all the difference.
2. No hidden fees
With LemFi, you will always see the real time exchange rate before you confirm a transaction. This transparency helps you budget wisely.
3. Excellent exchange rates
LemFi consistently offers a competitive exchange rates, meaning more money ends up in your family’s hands.
4. Multi currency wallets
LemFi supports multi currency wallets, which allows you to hold and convert between currencies like USD, GBP, CAD, NGN, GHS, and KES.
5. Safe and regulated
As a licensed and regulated financial service, LemFi follows strict security protocols. Your personal information and funds are protected, giving you peace of mind with every transaction.
6. Easy to use
The mobile app is beginner friendly. Even if you have never used a fintech platform before, LemFi walks you through the process with ease. No complex forms or technical steps required.
8. Community and support
LemFi also offers customer support channels and community engagement on platforms like Instagram, Twitter, and email, which makes it easy to get help when needed. In short, LemFi is more than just a money transfer app, it is a financial lifeline that helps African students stay connected and supportive, even from thousands of miles away.
Conclusion
If you are ready to simplify your money transfers and keep your family financially supported no matter where you are, then LemFi is the platform for you. Download the LemFi app on your smartphone, register and verify your account with the few simple steps outlined above.
Link your preferred payment method and start sending money home instantly. Download LemFi today, use EUGENE24 as the referral code to get 15€ bonus on your transactions above 50€, and experience hassle free international money transfers designed just for you.
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