When we set out to solve cross-border payment problems for businesses in 2022, one keyword drove us: SIMPLIFICATION.

WeWire exists to simplify the process of doing business and transactions across borders, bringing collections, settlement, and disbursement of multiple currencies into a single place.

Today, we enable over 2000 businesses to use their local currencies (LCY) to pay foreign currencies (FCY) to their business partners across 20+ countries worldwide.

Story so far

In 2024, we crossed the $1billion transaction mark with active payment rails in the US, UK, Netherlands, Australia, China, Germany, Nigeria, Kenya, Cameroon, Ghana and many others.

We also;

• Revamped our branding with better clarity of our values and purpose
• Launched WeWire 2.0 with improved user experience and more payment capabilities
• Launched virtual Naira bank accounts for local and global businesses
• Launched currency market and finance reports - “Wired Times”
• Launched an online community for finance managers and business owners
• Featured on various top news and tech publications
• Hired a rockstar team with a staff size of 28
• Obtained an Agent IMTO licence in partnership with Paga
• Opened our Cameroon office for operations
• Became the only cross-border payment provider to make it into BOG’s Sandbox to develop, test, and deploy payment solutions that leverage blockchain and stablecoins.

….and it is just day one!

Here’s what we are up to with WeWire 2.0

WeWire 2.0

Following the intensive work we put into innovating around our current product suite, WeWire is now focused on working with suppliers, manufacturers, and businesses based in North America, the UK, Europe, and Asia.

WeWire has launched new features that aim to solve the problems global businesses face when dealing with African buyers.

Smart Invoicing

Global manufacturers and suppliers face numerous challenges when interacting with buyers in Africa. These include difficulties in accepting local African currencies, reconciliation issues due to mismatches between the buyer’s name and received funds, high failure rates on international transactions, and difficulties in verifying the source of funds.All of these contribute to making entry into new markets in Africa difficult, reducing their market share and eventual bottom line.

With WeWire’s smart invoicing solution, global businesses can confidently trade in Africa without concerns. This innovative product enables suppliers to create and send invoices to buyers worldwide. Buyers receive invoices with embedded payment links, allowing for seamless payments in multiple currencies, including GHS, NGN, KES, UGX, XOF, XAF, ZAR, USD, GBP, and EUR. Suppliers benefit from receiving settlements in their preferred currency, regardless of the currency used by the buyer. WeWire simplifies currency conversion and reconciliation, streamlining the entire process with just a few clicks.

Other smart invoicing features include;

• Auto reminders to the buyer
• Insert tax amount
• Insert discount amount
• Add late fees
• Customised colour to fit your brand
• Import bulk customers

Virtual-named IBAN Accounts

This solution will be launched as a BaaS service with strategic partnerships that enable WeWire to provide local businesses with international bank accounts and vice versa.

The Baas Service will reduce and potentially eliminate the problems businesses encounter during set up in new markets especially with risk management, compliance and funds collections. Under this product, we will offer suppliers and Manufacturers based in North America, the UK, Europe, and Asia access to virtual EUR, GBP, USD and NGN accounts.

Reports

Reports

On a lighter note, we believe in educating existing and potential customers, giving them a detailed and informed outlook on business, finance and FX markets. The Wired Times and Stay Wired are WeWire content pieces that you do not want to miss.

Every week, we share detailed financial education on a wide range of topics, including banking, cryptocurrency, economic realities, and more. We also cover currency market updates, building credibility and comfort around the ease of doing business within the cross-border space.

Catch up on our LinkedIn page and subscribe to our mailing list so you never miss an edition.