Emerging fintech company, Woven Finance, is transforming the African financial landscape by introducing a secure payment solution for businesses and corporations. Woven Finance has positioned itself as a leader in payment solutions by offering a portfolio of innovative, seamless, and secure payment products.
Africa’s fintech landscape—particularly in Nigeria—has been on an upward trajectory in the past decade thanks to increased internet penetration and demand for digital payments.
With 103 million internet users in Nigeria, internet penetration is about 45.5%. Growing internet access has created an opportunity for financial solutions to reach the unbanked in the underserved rural areas. As access to financial services grows, businesses require secure and innovative products to receive payments and manage cash flow from customers nationwide.
Founded in 2020 by Adedeji Olowe, Woven Finance is run by a diligent team led by Collins Obafemi (CEO) and Ajibola Adeboye (COO). This dedicated team provides customers with innovative fintech products, secure and seamless onboarding and integration processes, and 24/7 customer and technical support.
Woven Finance also helps businesses and corporations elevate their operations by outsourcing their payment infrastructure. The platform offers diverse payment options with easier tracking and swift reconciliation processes. For businesses looking for reliable payment methods, Woven Finance offers solutions including;
- Virtual Accounts: In today’s tech-enabled landscape, creating swift virtual accounts enables businesses and their customers to send and receive money quickly. Woven offers static and dynamic virtual accounts for customers to make payments. With this, customers can finish online transactions quickly and securely and optimise their cash flow. This technology can also streamline lending processes, disbursements, and other forms of automated payments.
- Card payments: With Woven Finance, businesses can receive payments in-person or online via Visa, Mastercard, and Verve debit cards. These cards can be used to make seamless online transactions and subscription services like DSTV, electricity payments, and more.
- Direct debit: This product allows businesses to automate recurring payments for their customers. From bills to loans, and other subscription services, businesses can debit their customers securely and conveniently using this product.
Woven Finance also offers other payment products and services like QR codes and Scan-to-Pay for contactless payments, payment links for remote transactions, and other white-label solutions that enable businesses to accept fast and send secure payments at scale.
According to Woven Finance CEO, Collins Obafemi, “Woven Finance has sustained itself so far through our team’s dedication to innovation and simplicity. With a focus on swift reconciliation, competitive rates, and simple onboarding, we have committed to revolutionising the payments landscape in Nigeria, ensuring secure, efficient, and convenient financial transactions. We plan to continue to build on this foundation and extend our payment-as-a-service options while improving our customers’ experience.”
In the future, Woven Finance plans to introduce an invoicing solution, a payment-as-a-service product, and an integrated customer management service for its customers.
Join the Woven Finance revolution here and experience improved financial management.
