Currencycloud partners with Lemonade Finance

By Joy Dumasia

Lemonade Finance has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer immigrants and businesses a more streamlined experience when sending money home to Africa. 

By partnering with Currencycloud and providing business and consumer customers with multi-currency wallets, Lemonade Finance can make sending money home much easier for Africans living in North America and Europe. Now, 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. 

Ridwan Olalere, Lemonade Finance CEO and Co-Founder, said: “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.” 

Nick Cheetham, Chief Revenue Officer at Currencycloud, commented: “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.”

Recently, IBS Intelligence reported that Currencycloud, the experts simplifying business in a multi-currency world, has launched Weekend FX, providing clients with the ability to offer competitive FX rates 24/7, even after the markets close on a Friday evening.