From Beirut to Canada: “Whish Money” in a Promising Global Expansion

Lebanon Today

The Lebanese FinTech company “Whish Money” has announced that it has obtained official approvals from the Canadian authorities, paving the way for it to start its operations and provide its financial services in Canada. This news has been circulated by many media outlets, including the “Yahoo Finance” platform, considering this step a milestone in the company’s journey towards global expansion.

According to reports, this license goes beyond being just a work permit; it is an official recognition of “Whish Money’s” commitment to the strict Canadian regulatory standards, and its commitment to the highest levels of governance and transparency in one of the most regulated financial markets in the world.

This step represents a strategic launch for the company towards the North American market, enhancing its position as a Lebanese company with a global vision in the field of financial technology.

In a statement, the Chairman of the Board, Tawfiq Kosa, said: “Securing our Canadian license is a tremendous step that confirms the validity of our committed and customer-centric model, and lays the foundation for our international expansion. This step is more than just entering a new market; it is about strategically connecting communities with a large diaspora to a reliable financial infrastructure, starting with North America.”

Kosa added that the company seeks to establish a transparent and regulated global financial system that serves users honestly and enhances customer confidence in its innovative solutions.

Through its new presence in Canada, “Whish Money” intends to provide a comprehensive package of financial technology services, foremost of which are cross-border money transfer services, which enable expatriates to send and receive money quickly, safely and transparently. These digital services will constitute a modern, low-cost and efficient alternative in terms of speed and financial integration, which will contribute to strengthening financial communication between expatriates and their homelands.

The company confirmed that it plans to obtain additional licenses in key markets such as the United States, the United Kingdom, the European Union and Australia, as part of its strategy to build an integrated global financial network that relies on technology and innovation as essential pillars for growth.

The entry of “Whish Money” into the Canadian market is expected to be a significant turning point in the journey of Lebanese companies towards digital globalization, and to represent a new success story emerging from Lebanon to the world.