WeFi
Deobank thesis: deposits never leave user-controlled onchain accounts.
'Deobank' — deposits stay in user control.
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from WeFi’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | — |
| Founded | 2023 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| Card | Visa/MC · Virtual + physical |
| Cashback | Token rewards |
| Yield | Yield |
| Stablecoins | Yes |
| KYC | Card only |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Founders | Maksym Sakharov + team |
Verified links: official site ↗
Common questions about WeFi
What is WeFi?
WeFi is a self-custodial, on-chain-first neobank, founded in 2023. You hold the keys: WeFi never takes custody of your funds. It is software rather than a licensed institution.
Does WeFi have a card, and where can you use it?
It issues a Visa and Mastercard virtual and physical card, and identity checks apply to the card but not to the wallet. It is available in all 7 world regions tracked here.
Does WeFi require KYC?
Partly. You can use WeFi itself without verifying your identity, but ordering its card requires KYC.
What does WeFi cost?
From the verified fields: cashback Token rewards; yield Yield. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with WeFi before relying on them.
Peers
Phantom · Zengo · MiniPay · Eco (Beam) · Dakota · MetaMask
WeFi appears in
Neobanks that never hold your money (53) · Neobanks where only the card requires ID (33) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks that issue a Visa card (182) · Neobanks that issue a Mastercard (150)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.