Tech

Nigerian remittances startup Africhange launches in UK

Nigeria’s Africhange, a global remittance services provider, has launched operations in the United Kingdom (UK), offering efficient, cost-effective and reliable solutions for individuals to send and receive money internationally.

Africhange is a tech-enabled global remittance services provider that helps users send money across borders, particularly between Canada, Nigeria, Australia and the UK. Founded with the aim of transforming the remittance experience for immigrants, Africhange offers little-to-no transaction fees, speedy payment settlements, and excellent customer service.

Starting with the UK-Nigeria corridor, and expanding to include Ghana and Kenya before the end of the year, Africhange’s new Authorised Payment Institution License will underpin the delivery of a range of payment solutions, including remittance services, for UK users. 

With Africhange, students enrolled in UK universities can get discounted exchange rates on top of the market-leading rates available to the general public. Africhange is also planning to introduce its innovative loyalty programme – Afripoints – which allows users to earn cash rewards for sending or receiving money through the platform. 

“Africhange’s entry into the UK market represents a significant milestone in our mission to deliver the best possible global payments experience for Africans in diaspora. Despite the significant inflows of remittance to the continent, the cost of sending money means a significant percentage of those funds don’t get to the recipients and we want to change that. We have big plans and we are looking forward to expanding our services, reaching more customers and ensuring that everyone can benefit from seamless and cost-effective international money transfers,” said David Ajala, the founder and CEO of Africhange.