Africhange
“Can an immigrant-founded remittance company become the full financial OS — accounts, savings, and cross-border payments — for the African diaspora globally?”
Founded2020
HQEdmonton, Alberta, Canada
IndustryFintech / Cross-border payments
The story
Founded in 2020 as an immigrant-focused remittance platform for Africans in Canada, Africhange grew to serve users across Canada, UK, Australia, and Nigeria. In 2024–2025, the company pivoted beyond pure remittance toward becoming a full financial platform for the African diaspora — adding UK GBP bank accounts via Griffin's BaaS infrastructure, obtaining a CBN IMTO licence through its Nigerian subsidiary Currenzo, and launching a B2B payments product for cross-border business payments. The strategic shift is from 'cheapest remittance corridor' to 'financial home for Africans abroad.'
Last 12 months
Product timeline
2020
Africhange founded in Edmonton, Canada as an immigrant-focused remittance platform for Africans in North America.· pivot
2024
Africhange launched in the UK to serve African diaspora communities with cross-border remittances.· banking
2024
Nigerian subsidiary Currenzo received an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria, enabling direct remittance processing into Nigeria without intermediaries.· banking
2025
Partnered with Griffin (UK BaaS bank) to offer GBP bank accounts and savings accounts to UK users, expanding beyond pure remittance.· banking
2025
Achieved ISO/IEC 27001 information security certification.· pivot
2025
Launched Africhange Business, a B2B international payments product for companies in Canada and Nigeria sending up to CAD 200K/month.· banking
Regulated entities
3
regulatory licences held by Africhange
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Africhange’s embedded-finance stack
Banking / BaaS
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.