About WeFi
WeFi — The World's First Deobanking Platform
Founded September 2024 by a team from Tether, Wise, and Bitpanda. 200,000+ users across 153 jurisdictions. Not a bank — a Deobanking Platform.
Key Takeaways
WeFi is a Deobanking Platform, not a bank. Routes financial services through regulated partners.
Launched September 2024. Team with backgrounds from Tether, Wise, Bitpanda, and the National Bank of Abu Dhabi.
200,000+ registered users worldwide. $150M+ monthly volume across 153 jurisdictions.
Self-custody via MPC wallets — you hold the keys. 7,000+ digital assets supported.
DeoFin is an independent informational resource. Not affiliated with or operated by WeFi.
Not financial advice. Independent resource — not the official WeFi website.
WeFi — Quick Facts
Based on public data. See wefi.co for official details.
Redefining How Money Works
WeFi runs financial services entirely on-chain. No intermediaries — users hold keys through MPC wallets, spend globally through card networks, and operate across 153 jurisdictions without a bank account.
- Self-custody via MPC wallets — 7,000+ supported assets
- Global payments through card networks and mobile wallets
- AI-assisted credit scoring with no credit history required
- Operational across 153 jurisdictions without a bank account
WeFi Explained
Your Guide to WeFi
A straightforward breakdown for anyone wondering what exactly WeFi is and how deobanking works.
Vision & Mission
Why WeFi Exists
Vision
Access to the global economy is a fundamental right, regardless of where you live or how much you own. 1.4 billion adults remain unbanked. WeFi starts from the idea that this is a design problem, not an inevitability.
Mission
Replace the outdated banking model with an on-chain system where users keep custody of their assets, compliance is built into the network layer, and those who create value actually keep it.
Leadership
Who Built WeFi
WeFi's founding team comes from traditional finance, crypto infrastructure, and payments. People who've shipped real products at scale.
Maksym Sakharov
Group CEO
Board member and Group CEO. Per WeFi, he was previously CEO at Exflow.
Roman Rossov
Chief Product Officer
Board member and Chief Product Officer. Per WeFi, he was previously Product Director at Wise.
Reeve Collins
Chairman
Board member and Chairman. Per WeFi, he is a founder and former CEO of Tether.
Team details are drawn from WeFi's official About page.
Legal Framework
Multi-Jurisdictional Regulatory Structure
WeFi operates through registered legal entities across four jurisdictions. Each one handles a specific slice: fiat payments, virtual assets, or blockchain infrastructure.
Canada - Fiat Payment Services
Wefi Payments Limited
Registered MSB (registration #M23563590) with FINTRAC. An MSB registration is required to handle fiat payments and money transfers in Canada — it is not a banking license, and it does not extend deposit insurance or bank-grade consumer protections.
Czech Republic - Virtual Asset Services
WeFi Europe s.r.o.
VASP-registered entity for virtual asset services within the European regulatory framework.
Hong Kong - Digital Asset Services
WeFi Asia Limited
Digital asset services and operational management across the Asia-Pacific region.
St. Vincent & the Grenadines - Blockchain Infrastructure
WeChain Foundation
Responsible for WeChain L1 blockchain infrastructure and decentralized protocol operations.
Services provided through regulated partners. WeFi is not a bank.
Timeline
WeFi Milestones
September 2024
Platform Launch
WeFi Deobanking Platform goes live. WeFi Card and ITO Mining Units become available to first users worldwide.
Early 2025
Public App Release
Mobile application opens to the public. User base grows to 200,000+ across 153 jurisdictions.
June 2025
Beyond Banking Summit
WeFi hosts the Beyond Banking Summit in Bangkok, Thailand. 2,000+ fintech and blockchain industry attendees.
Key Partners
Infrastructure & Technology Partners
WeFi integrates with established providers for institutional custody, payments, and compliance operations.
Institutional digital asset custody and security infrastructure
AI and blockchain technology consulting partner
Payment processing infrastructure
Hardware security and key management
Technology development partner
What Sets WeFi Apart
What Banks Can't Offer — WeFi Can
Self-Custody
MPC wallets give you full asset control. No third party can freeze or restrict access to your funds.
WeFi Card
Accepted at 140M+ merchants. Fee is 1.5% with Energy — or 3% without. Zero FX fees on supported currencies.
ITO Mining
Cloud-based software that runs on WeFi's infrastructure and receives $WFI through the algorithmic distribution schedule. No hardware.
7,000+ Assets
One app, one account: 7,000+ digital assets across 153 jurisdictions — no bank account required.
On-Chain Transparency
Operations are verifiable on-chain. No opaque ledgers, no hidden fees.
Programmable Compliance
Compliance rules are built into WeChain at the network layer — not patched on afterward.
FAQ
Questions About WeFi
About This Resource
DeoFin is an independent resource about the WeFi ecosystem, run by KOL community members with crypto and Web3 backgrounds. Content comes from WeFi's public channels: wefi.co and gitbook.wefi.co.
Not financial advice. Independent resource — not the official WeFi website.
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