Company Information

Get to know LemFi (Formerly Lemonade Finance)

Founded in 2020 as Lemonade Finance, the company rebranded to LemFi to better reflect its mission of providing "limitless" financial services for immigrants. LemFi's core service is a mobile application that allows users, particularly Africans living abroad in countries like the UK, USA, and Canada, to send, receive, and hold money in multiple currencies. The platform aims to eliminate the high fees and complexities typically associated with cross-border payments, empowering its users with more accessible and affordable financial tools. In the UK, their services are provided by Rightcard Payment Services Limited, an authorized Electronic Money Institution.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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LemFi (Formerly Lemonade Finance)

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.