Lemonade Finance is a fintech app that allows Africans in Canada and the U.K to send money back home instantly and for free. With Lemonade, you can hold multiple currencies, which means easy and instant transfers to and from Ghana, Nigeria and Kenya. Before Lemonade Finance, transferring and receiving money from these countries was expensive and slow. We’ve changed all of that and today, we have thousands of users who trust us across the world.
To use Lemonade Finance, download the Lemonade App on Google Playstore and App store and provide details such as your name, address, email address and phone number. Before you make your first transaction, you need to verify your Lemonade account, which you can do in a few easy steps.
Verifying your Lemonade Finance account
If you live in the U.K, you can verify your account using a UK government issued identity card like a drivers licence, British passport or Biometric Residence Permit (BRP).
If you’re in Canada, you can verify your account with a Canadian government issued identity card like a Canadian drivers licence, Residence permit, Canadian passport or Provincial card.
How long does it take before your account is verified? Within 24 hours of receiving your verification request, our compliance team will begin a review. You’ll receive an email once your information has been validated. If you require further information or urgent verification, please contact us at – firstname.lastname@example.org.
Now that your account is all set up….
How do you send money on Lemonade Finance?
If you live in the U.K, you can fund your Lemonade wallet with Pound Sterling using Open Banking powered by TrueLayer. You can also fund your account with Clear Junction. Here’s a step-by-step guide on how to fund your wallet with both services.
If you’re in Canada, you can fund your Lemonade wallet using auto-deposit or an Interac transfer. Here’s a step-by-step guide of how to fund your account if you live in Canada.
How can I fund my Nigerian account? Lemonade provides virtual Naira NUBAN accounts for Nigerian Lemonade account holders to fund their accounts from any bank in Nigeria. These accounts are in your name and can be used to receive money instantly from any Nigerian bank account.
Does Lemonade work in the USA?
The Lemonade app is not available to users in the US at the moment, but will become available later in the year so that’s something to look forward to.
Can anyone in Nigeria use the Lemonade app?
We currently operate only in the UK and Canada. Funds can be sent to Ghana, Kenya and Nigeria with zero fees.