Kenya’s Central Bank (CBK) has granted additional regulatory approval to LemFi, a remittance service provider, in partnership with Flex Money Transfer.
This approval allows LemFi to expand its operations by partnering with local Kenyan firms.
LemFi, operated by RightCard, initially launched in Kenya in June 2023. They target Kenyans living abroad, particularly in the US, UK, and Canada, who can use LemFi’s mobile app to send money directly to M-Pesa accounts in Kenya.
