WeWire Secures Mauritius Treasury License to Power Trade Finance Innovation

WeWire has secured a Mauritius Global Treasury Activities License from the Financial Services Commission (FSC), signalling our strategic focus on strengthening its transaction capacity globally. This milestone reinforces WeWire’s vision to serve as a banking and trade bridge for businesses trading between Africa and the world and vice versa.

With this new treasury license, WeWire becomes the only African fintech offering fully integrated cross-border payments and trade finance solutions under one platform. This move empowers businesses globally to not only send and receive cross-border payments, but also access working capital and trade finance tools with faster approvals than traditional banks.

For businesses in emerging markets, navigating international payment is often complex and burdened by compliance delays, bank rejections, or high-risk labels. WeWire offers a streamlined alternative. The WeWire platform simplifies global transactions by combining regulatory-compliant fiat and stablecoin payment rails with trade finance, enabling faster, more reliable access to global markets.

Since launching three years ago, WeWire has processed over $2.2 billion in transactions for 3,000+ businesses across 80+ countries. Headquartered in the UAE with operational headquarters in Ghana, WeWire has expanded its footprints to Nigeria, Kenya, Uganda, the UK, Canada, and Dubai—demonstrating the scalability of its infrastructure and its commitment to supporting global commerce from Africa outward.

With the continued challenges businesses face with international payments from lengthy compliance processes to outright denial or account closure due to being wrongfully tagged high risk, WeWire is keen on transforming and simplifying B2B cross-border payments across emerging markets. By replacing costly, inaccessible and fragmented payments systems with off-shore banking services and efficient stablecoin rails, WeWire is placing access to global markets in the hands of the average business owner. 

Over the past few years, lots of progress has been made in the remittance industry for individuals while hurdles continue to show up for businesses and other high value/volume payments. WeWire understands these problems and has built solutions that address these challenges and make payments faster. With the licenses that WeWire possesses from Canada, Mauritius and the newly coming UK, WeWire would be able to provide banking services that are compliant, cost-effective and understanding of the risks on African markets.

Speaking on the new developments, Eben Ghanney, the CEO of WeWire, said, “The world runs on trade. For us at WeWire, we are building solutions that sit at focal points to power seamless trade transactions across multiple currencies. This license takes us a step further in achieving our vision to provide a bridge for global multinational businesses and corporations to trade in and out of Africa easily. We aim to achieve this by providing treasury services, allowing corporations to hedge their FX risk and access trade finance, local currency liquidity lines, and so much more. Raising funds to ensure liquidity means we can focus on growth and identify business opportunities in more sectors”.

As WeWire secures Mauritius Treasury License, it signals a significant leap forward for WeWire’s mission: to build a truly borderless, business-first financial ecosystem that connects Africa to the world—and the world to Africa.