Woven Finance Champions Financial Inclusion and Innovation in Nigeria

With the growing transformative potential of digital technologies like AI, blockchain, and cloud computing in revolutionizing financial services across Africa, Woven Finance, Nigeria’s emerging fintech powerhouse is championing financial inclusion and innovation in Nigeria.

In a groundbreaking event that underscores its commitment to redefining the financial services landscape, Woven Finance Limited, launched its much-anticipated Woven Finance Brand Refresh and Lifestyle Expo at Harbour Point, Victoria Island, Lagos recently.

The event marks a pivotal moment for Woven Finance, symbolizing a renewed commitment to empowering individuals and businesses with accessible, innovative financial solutions. With a keen focus on innovation, and customer-centricity, it is poised to reshape the future of digital finance in Nigeria.

Speaking at Woven Finance Brand Refresh, the CEO of Woven Finance, Mr. Collins Obafemi said, “Today is about reaffirming our mission to empower individuals and businesses through accessible, innovative financial solutions. This refreshed identity reflects our values; integrity, innovation, and an unwavering dedication to our customers.”

Mr. Obafemi remarked that Woven Finance has become a prominent player in Nigeria’s financial sector over the past four years. The company he said has been delivering secure, seamless financial services across technology, education, fashion, gaming, logistics, healthcare, social work, and lending.

Some of Woven’s milestones include the pioneering introduction of Virtual Accounts in Nigeria in 2020, and an impressive customer base of over 5.2 million, with daily transaction volumes averaging over N1.2 billion across more than 105,000 transactions. Mr. Obafemi attributed this growth to the company’s commitment to innovation and adaptability.

Woven Finance is positioning itself as a leader in seamless payment collections through its robust infrastructure. Its investment in cutting-edge IT infrastructure has made service delivery superfast and seamless. Some of its innovative product portfolio includes Virtual Accounts for easy transfers, QR Codes and Scan-to-Pay for contactless payments, Payment Links for remote transactions, and robust Online Payment Integrations.

In his keynote address, Mr. Aremo Adeleke, Group Managing Director, Plural Group, noted that Woven Finance has come to fill a gap in the financial services sector. He described the brand refresh as ‘more than a facelift’, but a reaffirmation of the true essence of the company, and its directions.

 “Since its inception Woven Finance has held a bold vision to become a trusted partner for businesses and individuals, helping them to navigate the complexities of digital payments with security, ease, and transparency. The brand refresh is more than a facelift; it is a reaffirmation of who they are and where they are going. The new look, voice, and values reflect a Woven Finance that is dynamic, trustworthy, and forward looking” Mr. Adeleke stated.

Woven’s re-launched platform offers a range of features designed to enhance customer experience and meet the highest standards of security and functionality. These include enhanced user experience, and a seamless, intuitive interface designed for ease of use. Others are streamlined payment processes that make for faster and more efficient transactions, and an expanded range of services like broader financial solutions tailored to meet diverse customer needs.

The Woven Lifestyle Expo, which followed the Brand Refresh, brought together several merchants from various sectors, including fashion, travel, food, art, and tourism. The Expo provided the merchants with an opportunity to integrate their businesses into Woven Finance’s payment infrastructure, making it easier for them to accept payments through multiple channels. Many consumers have the opportunity to shop, network, and experience Woven’s technology firsthand at the Lifestyle Expo.

Despite the growth of digital payments, a significant number of Nigerians remain underserved by formal financial institutions. Hence, a key aspect of Woven Finance’s mission is to drive financial inclusion across Nigeria. That is why the company is a pioneering innovative financial solution for individuals and businesses across Nigeria.

Woven Finance envisions a future where financial services are more integrated with everyday life. The event drew a diverse audience of policymakers, regulators, partners, media houses, startups, employees, and industry players/stakeholders, marking a significant step forward for one of Nigeria’s most progressive fintech companies.