Afriex App Review: How does Money Transfer App in Nigeria & Africa Work?

Afriex app review

Last Updated on December 22, 2022

Afriex is a global payment company (mobile money transfer app) that is currently available in Nigeria, Ghana, Kenya, Canada, and the USA. The Afriex app was launched in 2019 and has over 100K active users.

The Afriex money sending platform is powered by Cryptocurrency. You can make instant and affordable money transfers abroad or at home.

With the Afriex app, you can send money between the U.S., Nigeria, Ghanan, Kenya, and Canada. Or easily send money from a debit card to a bank account or other Afriex user.

With the Afriex app, users can send money to and from Africa. Afriex also sells crypto in some countries but not all, depending on the rules of each country.

You can send up to $3,000 daily to bank accounts, and e-wallets. You can send money directly to a bank account in Nigeria or to any Afriex user and they will get it instantly.

Afriex users can also earn rewards for referring their friends and family. When you invite friends and family, you’ll both get a $5 Afriex credit, when your referral signs up and sends $100 or more.

Afriex is a secure app that encrypts all personal data, so users’ information is safe. The company’s payment technology is PCI DSS Complainant, according to The Payment Card Industry Data Security StandardThe company has a strict set of security standards designed to ensure and maintain a secure payment environment for users.

Afriex app is available for Android and iOS. You can download the Afriex app here

See: Best Apps to Send Money to Nigeria From US, UK, Canada & More

Who Owns Afriex

Afriex was founded by Tope Alabi (CEO) and John Obirije (CTO). Investors in Afriex include Sequoia Capital China, Dragonfly Capital Partners, Haseeb Qureshi, Exceptional Capital, Goldstreet Venture Capital, Stellar Development Foundation, Bossa Nova InvestimentosPrecursor Ventures, Mandela Schumacher-Hodge Dixon, and Russell Smith.

Afriex Funding

Afriex raised a total of $11.3 million. A $1.3 million seed round in May of 2021and has recently closed a $10 million Series A round (2022) at a $60 million valuation.

How does Afriex Work?

Afriex is a money-sending platform powered by Cryptocurrency, that allows you to make instant and affordable money transfers abroad or at home. 

With Afriex you can send money between the U.S., Nigeria, Ghanan, Kenya, and Canada.

Does the Afriex App Work in Nigeria?

afriex ap review

Yes, Afriex Works in Nigeria, The Afriex app lets anyone send money online in minutes to over 130 other countries – including Nigeria. Track your payments and view your transfer history from anywhere.

Also See: Visa Free Countries For Nigerians with a Passport

How to Send Money to Nigerian Bank Account from Afriex

Here are the steps to follow to receive money from Afriex:

  • Click on the $ sign at the bottom of the Afriex app
  • Click the Nigerian flag at the top right of the page to select the currency of your choice
  • Type in the amount you want to send, then press SEND
  • Click ‘SEND TO BANK
  • Click ‘ADD RECEIVING BANK’ if it’s a new account or select an already stored account
  • Type in the amount you want to send, then press SEND

How to Receive Money From Afriex in Nigeria

Here are the steps to receive money through the Afriex app in Nigeria:

  • STEP 1: Choose Cash Pickup – Cash pickup is available on sending money and cashing out option from your Afriex wallet.
  • STEP 2: You’ll Get Notified via Text – Once your cash is ready, Afriex system will automatically contact you via SMS.
  • STEP 3: Pick Up your money at the Bank – Receive your US Dollars within the day of the completed transaction at Afriex partner bank, First City Monument Bank.

Afriex Fees

Afriex does not charge fees when sending money, although we may charge a small fee when withdrawing money. Please check your app for fees and exchange rates.

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