Here’s a list of remittance companies cleared to handle cross-border remittances in Ethiopia
The National Bank of Ethiopia has licensed 88 money transfer operators. Global companies like Western Union and MoneyGram are operating alongside newer entrants.
LemFi moves remittances further into Asia and Europe with $53M in new funding
Remittances inflows surpassed $669 billion in 2023. LemFi secured $53 million in new funding to expand operations.
