Afriex — review & details
African-founded remittance app that states it is licensed by the Central Bank of Nigeria as an International Money Transfer Operator and registered with FinCEN in the US. Sends from the US, UK, Canada and several European countries into Nigerian bank accounts.
CBN-licensed IMTO
Afriex
★★★★☆
US, UK, Canada, and EU countries (France, Italy, Germany, Spain, Ireland, Netherlands, Romania, Belgium) into Nigeria
Corridors
Afriex claims most transfers arrive within seconds; treat this as a best case
Speed
States CBN IMTO licence plus FinCEN MSB (US) and FINTRAC (Canada) registration — per its own site
Licence/ Registration
Diaspora senders who want a Nigeria-focused app with local licensing
Best For
Remittance app (inbound to Nigeria)
Type
Pros
- Publicly states a CBN International Money Transfer Operator licence — rare among newer apps
- Wide sending footprint across North America, the UK and Europe
- Send-to-bank flow built specifically around Nigerian accounts
Cons
- Daily sending cap (site states $3,000 or equivalent per day to Nigeria) limits larger transfers
- Rates are only fully visible in-app, so comparison requires downloading it
- Younger company than the legacy networks, with a smaller support footprint
Fees, eligibility & documents
Fees
Transfer costSite advertises low or zero fees on some transfers; the margin sits in the exchange rate — compare the delivered naira amount before sending
Eligibility
- Sender resident in a supported country (US, UK, Canada, listed EU markets)
- Within the stated $3,000/day equivalent limit to Nigeria
- Recipient with a Nigerian bank account
Documents needed
- Government-issued photo ID
- Selfie/biometric verification in-app
- Additional source-of-funds documents may be requested at higher volumes
How Afriex compares in money transfer & remittance
| Afriex | LemFi | Sendwave | |
|---|---|---|---|
| Corridors | US, UK, Canada, and EU countries (France, Italy, Germany, Spain, Ireland, Netherlands, Romania, Belgium) into Nigeria | — | — |
| Speed | Afriex claims most transfers arrive within seconds; treat this as a best case | Minutes to same day | Minutes to same day |
| Licence/ Registration | States CBN IMTO licence plus FinCEN MSB (US) and FINTRAC (Canada) registration — per its own site | — | — |
| Best For | Diaspora senders who want a Nigeria-focused app with local licensing | Lowest all-in cost | Simple mobile transfers |
| Visit Afriex → | Visit LemFi → | Visit Sendwave → |
← Compare all money transfer & remittance
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