Lemonade Finance Monthly Roundup

Depending on who you talk to, any roundup of the month of June should only say one thing: Beyonce dropped a new single and is prepping an album. That’s it, end of story, pack it up and go home. But there’s life beyond Queen Bee so buckle up and let’s share with you some of the things that caught our attention in the month of June.

With the English Premier League on holiday and the NBA all wrapped up—congratulations Dub Nation—-sports action is in short supply. So it was pretty dope that the Toronto women’s basketball league stepped in and saved the day. Canada launched first-ever paid women’s basketball league—yep, you read that right. Fans have been showing up every Sunday to cheer for the 40 current and former Canadian female professional and university players who have been hitting the court. Long may it continue!

Putting a pause on movement

In the U.K, there’s not as much movement thanks to one of the most extensive rail strikes in Britain’s history. What’s causing the strike action: salaries, working conditions and a dispute over cutting jobs. Per the Washington Post, “The Rail, Maritime and Transport Union is seeking a substantial pay raise as workers face a cost-of-living squeeze amid four decade-high inflation rates. Train companies, meanwhile, are seeking to cut costs and staffing after two years in which emergency government funding kept them afloat during the pandemic.”

On the African continent, Ghanaians are bracing up for an increase in the price of fuel given the government’s plan to raise prices by as much as 7%. In Nigeria, while prices remain steady, fuel queues across major cities because of shortages are doubling commute times. It’s just another sign of how interconnected the world economy is; one war several continents away continues to cause tremors globally.

That’s enough about global politics, let’s take you through what happened in the world of Lemonade Finance.

From the Lemonade Stand

In June, we added three people to the Lemonade Finance team. Mindy, Our Chief Compliance Officer for North America joins us from Kraken, where she was the Anti-Money Laundering Policy & Program Manager. She admits that not a lot of people want to talk about compliance at the dinner table but the big picture is that compliance saves all of us from trouble!

Then there’s Heorhii, our Head of Finance and Business Analysis. He brings a lot of experience to the table having worked at Opera as the Director of FP&A and Head of Business Intelligence.

Chidera, our community manager, also joins the Lemonade Finance team after having done some work for us as an influencer. Talk about a transition. As our community grows offline, we want everyone to feel welcome and supported. We believe that having someone dedicated to the community is essential to making that happen. And with Chidera, we know we’re in good hands.

From the Lemonade Finance blog

Have you ever been asked to go Dutch on a bill? We spoke to three Africans about their experiences in this regard and how they dealt with the cultural changes. From being asked to pay for unrequested Halloween Decorations by a roommate to being informed during a birthday dinner that everyone was expected to cover their bills, we can assure you this is a relatable and entertaining read.

Lemonade Community.

We’re so excited to get started on this new project. We want to host events. We know you love being invited to events, and we’d love to invite you to ours too. But first, we need to hear from YOU!

So please tell us what kinds of events you think we should host and why. You can suggest anything from sports matches to lectures or even a party for all your friends—who knows? We’ll get your ideas in the mix, and then we’ll start planning our next event!

Please click here

Press Play

This month’s video recommendation from lifestyle vlogger, Faith Ojone.

In this video, she explains how easy it is to send money from the UK or Canada to up to 10 African countries.

There’s also a hint on how to get rewarded with Lemonade Finance.

Be sure to subscribe to our Youtube Channel too.

Faith creates and curates content on Lifestyle abroad, be sure to check out her channel.

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