Two Young Ghanaians Break Into Canada’s Fintech Space With Major Licence Win.
Two ambitious young entrepreneurs from Ghana are making global headlines after pulling off a huge fintech breakthrough in Canada.
Ebenezer Ghanney and Desmond Nyamador, the founders of fintech startup, WeWire, have secured a major regulatory licence that places their company within Canada’s official payment system.
Their company, WeWire, which focuses on cross-border payments and digital asset infrastructure, has been granted a Payment Service Provider licence under the Bank of Canada’s Retail Payment Activities Act (RPAA). The approval officially recognises the startup within Canada’s financial regulatory framework.
For the two founders, the development marks a significant leap forward, opening the door for WeWire to expand its services into multiple international markets.
Beyond business growth, the milestone is also being celebrated as a powerful signal for Ghana’s growing tech ecosystem, showing that startups from the country can successfully compete on the global fintech stage.
The licence is also expected to simplify stablecoin transactions for companies conducting business between Africa and North America, potentially making cross-border payments faster and more efficient.
Reacting to the announcement, C.E.O., Ebenezer Ghanney, described the approval as a major validation of the company’s mission to improve global financial services.
“I’m excited to share that WeWire has officially received a Payment Service Provider licence,” he said. “This means we are now a registered fintech under the Bank of Canada. It’s not just another milestone for our team – it’s a step toward enabling faster payments for customers across the markets we serve.”
Before securing the licence, the company had already gained international recognition. WeWire was recently listed in the first-ever public USDT Ecosystem Directory launched by Tether, the world’s largest digital asset company, making it one of the few Ghanaian firms featured in the global directory.
Ghanney said the company’s vision goes beyond payments.
“We are building the infrastructure that allows businesses to grow without borders,” he explained. “For entrepreneurs, freelancers, and businesses in emerging markets to truly compete globally, their money needs to move as quickly as their ideas.”
Although WeWire is headquartered in the United Arab Emirates, its operational leadership is based in Accra, Ghana. The company combines blockchain technology with traditional financial systems to make global money transfers easier for businesses in emerging markets.
In related news, another young Ghanaian entrepreneur, Ismail Ayis, a graduate of the University of Development Studies (UDS), recently shared his journey of building a creative agency.
Ayis, founder of Dlight Space, said the idea for his business came shortly after he finished Senior High School in 2016. He eventually launched the agency in 2020 at the age of 21.
Balancing business and university studies was challenging, he admitted, but persistence helped him grow the company while pursuing his education. Ayis said his goal has always been to use creativity to build opportunities for other young people.
