Lemfi Vs Wise? If you’ve ever tried to send money from abroad to your family back home, you probably know how stressful it can be. Delays, high fees, poor exchange rates, and complicated banking systems can make a simple task feel like a battle.
That’s where LemFi steps in—and in 2025, it’s quickly becoming the top money transfer app for immigrants around the world.
Lemfi Vs Wise?
Lemfi, formerly known as Lemonade Finance, is a financial technology company that offers a mobile application featuring payment services, global accounts, and international money transfers, primarily serving migrants who move abroad.
It allows users to send money to countries like Nigeria, Ghana, Kenya, India, and the Philippines—quickly and securely. You can open a free account, hold different currencies, and send money directly to local bank accounts or mobile wallets, all from your phone.
Using the LemFi app, users can open a free multi-currency account right from their phones. This means they can hold money in different currencies (like dollars, pounds, or naira), and send money directly to local bank accounts or mobile wallets back home. The app is designed to be user-friendly—even for people who are not tech-savvy.
Read our article about Wise here.
What can you do with Lemfi?
- Send money to friends and family at competitive rates.
- Open and manage multi-currency accounts
- Earn rewards on qualifying international payments
You can also send money to over 20 countries with LemFi: Brazil, Kenya, India, China, Nigeria, Ghana, Ivory Coast, Pakistan, Philipines, Bangladesh, Cameroon, Benin Republic, Congo, Ethiopia, Gambia, Uganda, Tunisia, Tanzania, Ivory Coast, Mali, Morocco, Sril Lanka, Nepal, Rwanda, Senegal. They say they will be updating the list soon.
How to Use Lemfi
- Go to the Google Play Store or Apple App Store and search for “LemFi.”
Alternatively, visit the LemFi website and enter your phone number to get a download link. - Open the app and tap “Create an account.” >> Select your country and enter a valid phone number.
- You’ll receive a one-time password (OTP) via SMS; enter it to verify your number.
- Fill in your personal details and address. You may need to verify these later. >> Choose a strong password.
- If you have a referral code, enter it to receive any available bonuses.
- Select the country you’ll send money to most often and finish the sign-up process
Sending Money with LemFi
- Open the LemFi app and log in.
- Tap “Send Money”.
- Choose Currencies
- Select the currency you want to send (e.g., USD, GBP, CAD) and the currency the recipient will receive (e.g., NGN for Nigeria,
- KES for Kenya, GHS for Ghana).
- Enter Recipient Details
- Choose how you want to send the money: to a bank account, mobile money, or other available options.
- Enter the recipient’s details (bank account number, name, phone number, etc.) as required by the destination country.
- Confirm and Send >> Add a note if needed.
- Review the transaction details, including the real-time exchange rate and any applicable fees.
- Confirm the payment using your unique PIN. The recipient will typically receive the funds within minutes.
That’s it! I’ve used a lot of money transfer apps, but this one takes the cake.
Download the app and use my referral code: ZAINCMPP. You will get $20 when you send $100 in one transaction.
LemFi vs Wise in 2025:
Purpose-Built:
LemFi is designed for sending money home—especially to African and Asian countries. Wise is more general-purpose for international transfers and borderless banking.
Speed & Delivery:
LemFi transfers usually land in minutes. Wise can take longer depending on the country and payment method.
Exchange Rates & Fees:
LemFi often gives better rates for countries like Nigeria, Ghana, and Kenya, with lower fees. Wise is more transparent globally but not always cheaper for remittances.
User Experience:
LemFi is simpler, focused on ease of use for people sending money to family. Wise offers more features but can feel complicated if all you need is a quick transfer.
Supported Countries:
LemFi supports direct payouts to over 20 countries across Africa and Asia. Wise supports more countries globally but doesn’t localize as well for those regions.
So Verdict? Lemfi Vs Wise? If you’re sending money to Africa regularly, LemFi is the better tool. If you’re managing multiple currencies or sending to Europe/US, Wise is still solid.
Download the app and use my referral code: ZAINCMPP. You will get $20 when you send $100 in one transaction.
Enjoy.
