💰 About AfriRate

Helping the diaspora send money home smarter

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Raphael Ibraimoh, MIMA, PhD

Founder, AfriRate

🔗 Connect on LinkedIn

Our Mission

To empower the African diaspora with transparent rate comparisons, helping them save money and make informed decisions when sending money home to loved ones.

Why We Built AfriRate

Every month, millions of people in the UK send money to family and friends in Nigeria and across Africa. These remittances are a lifeline—supporting education, healthcare, businesses, and everyday expenses back home.

But here's the problem: exchange rates and fees vary dramatically between providers. The difference between the best and worst rate can mean hundreds of pounds lost every year—money that could have gone directly to your family.

We built AfriRate to solve this problem. We believe everyone deserves access to transparent, easy-to-compare rate information in one place, without having to visit multiple websites or do mental math.

AfriRate puts the power back in your hands—compare rates in seconds, see the recipient amounts supported by available pricing evidence, and choose the best option for your needs.

What We Do

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Pricing Comparisons

We bring together available pricing evidence from supported money transfer providers, including exchange rates, recipient amounts and available fee information, so you can compare options in one place.

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Compare Transfer Value

We show the recipient amounts supported by the pricing evidence we collect, helping you compare qualifying provider results while still checking the final quote before sending.

Save Time

Compare supported providers in one place instead of checking each provider individually, then verify the final transfer details with your chosen provider.

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Full Transparency

We show exchange rates, recipient amounts and available fee information from the pricing evidence we collect. When a fee is not separately stated, we identify that rather than assuming it is £0.

How AfriRate Works

1

Enter Your Amount

Simply enter how much you want to send in British Pounds (GBP).

2

Compare Providers

We show available provider quotes and recipient amounts so you can compare them. Verified rankings use qualifying fresh pricing evidence.

3

Choose & Send

Click on your preferred provider to complete the transfer on their secure platform.

Why Trust AfriRate?

Independent & Unbiased:We're not owned by any money transfer company. We compare available provider pricing evidence and show when rates were observed.

Transparent About Affiliates: We earn commissions from some providers when you use their services through our links. Affiliate relationships do not change the provider rates displayed by AfriRate. Where sufficient qualifying evidence is available, AfriRate identifies a Best Verified Deal using its comparison rules.

Free to Use: AfriRate is completely free. We make money through affiliate partnerships, so you never pay anything to use our comparison service.

Built by the Diaspora, for the Diaspora: We understand the importance of remittances because we're part of the community sending money home.

Our Values

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Transparency

We believe in honest, clear information. No hidden fees, no misleading claims.

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Community First

We're here to serve the diaspora community, not just make money.

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Empowerment

Knowledge is power. We give you the data to make smart financial decisions.

What's Next?

We're just getting started! Here's what we're working on:

  • Coverage: Compare providers across Nigeria, Ghana, Kenya, Uganda, Tanzania, Cameroon, Senegal and Côte d'Ivoire, with more corridors planned.
  • Rate Alerts: Get notified when rates hit your target
  • Historical Data: See rate trends over time
  • Mobile App: Compare rates on the go

Get in Touch

Have questions, feedback, or suggestions? We'd love to hear from you!

Contact Us