Woven Finance is redefining how money moves for Nigerian businesses, transforming the digital payment landscape with a robust and comprehensive platform. From the smallest neighborhood retailers to nationwide logistics firms, it offers a suite of tools meticulously designed to streamline financial operations and drive efficiency.
At its core, the platform operates as a dynamic financial engine, providing businesses with the essential infrastructure and intuitive tools to manage their transactions seamlessly. Imagine it as the circulatory system for your business finances. It empowers businesses to accept and make payments through diverse channels, including virtual accounts, card payments, QR codes, and secure payment links. This flexibility ensures that businesses can effortlessly cater to varied customer preferences and operational needs.
A significant hurdle in the Nigerian business landscape has long been delayed settlements and complex reconciliation processes. This platform directly addresses these pain points by automating reconciliation and simplifying payment flows. This means finance teams can dramatically reduce manual effort, virtually eliminate errors, and gain real-time visibility into their cash movements; a level of control and insight previously exclusive to large enterprises.
Following a major platform refresh in 2024, the system launched a completely redesigned payment experience, prioritizing speed and intelligence. A user-friendly mobile app is also in active development, extending these powerful capabilities to both B2C and B2B users, making financial management easier on the go.
Unlike many platforms that focus primarily on front-end user interfaces, this one is diligently building the underlying “rails” of digital money movement. This foundational work is achieved through strategic partnerships with major banks and payment switches, including key players like Interswitch, Globus Bank, Access Bank, and Wema Bank, collaborations that are crucial for improving routing reliability across various financial institutions, guaranteeing smooth, secure, and uninterrupted transactions.
Beyond its technical prowess, the company is deeply committed to financial inclusion. By democratizing access to powerful tools like virtual accounts and payment links, it actively empowers countless SMEs and startups that often face traditional banking hurdles. This critical support enables thousands of underserved businesses to actively participate and thrive in Nigeria’s rapidly expanding digital economy.
Frank Ugwulali, our Head of Product & Partnerships, articulates this infrastructure-first approach: “Too many platforms focus on the front end, while businesses struggle with what happens after the money is paid. We’re building the rails that make digital money movement truly work for Nigerian businesses.”
Already, our platform is powering real-world use cases at scale, from school administrators efficiently collecting fees to clinics managing patient and supplier payments, and logistics companies settling daily transactions.
Woven Finance isn’t stopping here; future updates will focus on advanced analytics, deeper fraud protection, and industry-specific features specifically tailored to the realities of local markets. With a clear mission to build Africa’s most trusted payment infrastructure, this impactful player is fast becoming a pivotal force in Nigeria’s fintech sector.