Weaver Fintech

What Weaver Fintech does

Weaver Fintech Ltd (JSE: WVR) is a Mauritius-domiciled, Johannesburg-listed digital financial services group operating primarily in South Africa. It runs a multi-product fintech ecosystem organized under two primary trading brands: FinChoice (digital lending, credit-backed wallet, and insurance) and PayJustNow (Buy Now Pay Later and installment credit), alongside an omni-channel homeware retail arm, HomeChoice, distributed through 60 showrooms, e-commerce, and direct delivery.

The platform serves more than 4.3 million customers — predominantly urban, digitally connected South African women (70%) aged on average 36, with average monthly income of R17.5k and a strong Millennial/Gen Z skew (64%). Underlying technology includes a self-serve mobile app with 3.4 million users executing 7 million digital transactions annually, machine-learning-driven credit risk and fraud detection, hyper-personalization engines for cross-selling, and a merchant analytics platform serving 3,450 merchants across 12,300 points of presence. Headline brands — PayJustNow (the #1 BNPL in South Africa), FinChoice, MobiMoney, PayStretch, and HomeChoice — are backed by an R&D pipeline that includes an MVNO (PJN Mobile, 2026) and a co-branded debit card (2027).

Weaver generates revenue through transaction fees on BNPL and PayStretch, interest on personal loans and the MobiMoney credit wallet, insurance gross written premiums, advertising and analytics services to merchants, and retail sales through HomeChoice. In FY2025, the group reported R5.5 billion in revenue (+23% YoY), of which R3.4 billion came from fintech (+36%), and R1.1 billion in trading profit (+41%); fintech contributed 93% of group profit at a 27.0% ROE. Customer acquisition cost is R57 per customer, supported by a low-cost digital-led growth motion that adds over 120,000 new sign-ups monthly.

Name

Weaver Fintech

Legal name

Weaver Fintech Ltd

Website

https://weaverfintech.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Weaver Fintech Ltd (JSE: WVR) is a South Africa-focused digital financial services group operating an integrated ecosystem of lending (FinChoice), BNPL payments (PayJustNow), insurance, and merchant analytics serving over 4.3 million predominantly female customers via mobile app and 60 retail showrooms.

Ownership category

akta.pro rank

Product category

Consumer Digital Financial Services

NAICS

Sales Financing (52222), Credit Card Issuing (52221)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industries

Debt Management & Paydown (Student Loans, Credit Cards) (FSAGADAD), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

Keywords

• Buy now pay later
• Digital lending
• Consumer credit
• Mobile payments
• Funeral insurance

Headquarters

HQ city

Roche Terre

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Others

Revenue model

1. Fintech Fee Income: Fee-based revenue from BNPL transactions, insurance premiums, and digital lending products. Fee income grew 39% to R1.3 billion, representing significant portion of fintech revenue. BNPL fees, insurance (credit life, funeral, personal accident) are primary fee drivers.
2. Lending Interest Income: Interest and fees from personal loans, credit-backed wallet (MobiMoney), and installment credit products. Loan disbursements reached R7.6 billion with 88% advanced to existing customers.
3. Insurance Premiums: Gross written premiums from funeral and personal accident insurance products. GWP reached R220 million with 21% growth. Digital acquisition now accounts for 49% of policy sales.
4. Payments GMV Revenue: Revenue from Buy Now Pay Later and PayStretch products. GMV increased 80% from FY2024 with cumulative R13.1 billion GMV since BNPL inception. PayStretch GMV reached R320 million cumulative.
5. B2B Merchant Services: Revenue from merchant services including analytics, advertising, and traffic referrals to merchant partners. B2B revenue increased 170% as Weaver monetizes platform to direct high-intent consumers to merchant partners.
6. Retail Sales: Omni-channel homeware retail through HomeChoice brand. Revenue R2.0 billion with 6% growth. Focus on heritage bedding and textile merchandise.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Weaver Fintech operates a digital-first financial ecosystem serving South African consumers across three interconnected verticals: Lending (personal loans, credit-backed wallet, MobiMoney), Payments (Buy Now Pay Later via PayJustNow, 12-month PayStretch instalment credit), and Insurance (funeral cover, personal accident, Easy Life). It also operates an omni-channel homeware retail business (HomeChoice) and merchant services including analytics and checkout integration for retailers across 3,450 partner merchants.

Product overview

Weaver Fintech operates as a multi-product digital financial ecosystem built around three interconnected verticals: Lending, Payments, and Insurance. The platform is organized under two primary trading brands: FinChoice (lending and insurance) and PayJustNow (payments), with HomeChoice Retail as a separate omni-channel retail arm. The ecosystem includes credit-backed wallet (MobiMoney), personal loans, Buy Now Pay Later (BNPL), PayStretch instalment credit, funeral and personal accident insurance, merchant analytics services, and shopping directory. Products are designed to cross-sell within the ecosystem, with BNPL typically serving as the entry point for new customers who then progress to lending and insurance products. The platform serves over 4.3 million customers (70% women, 64% Millennials/Gen Z) through mobile-first digital channels with 89%+ digital transactions, and connects with 3,450+ merchants through its payments ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• PayJustNow: Buy Now Pay Later payment solution - interest-free instalments
• PayStretch
• FinChoice MobiMoney
• FinChoice Personal Loans
• PJN Mobile
• PayJustNow Debit Card

Products and services

• FinChoice Personal Loans Personal loans up to R25,000 with repayment terms of 6, 12, and 24 months, available digitally through the FinChoice platform for South African consumers seeking credit for life's bigger expenses.
• MobiMoney Credit-Backed Wallet Mobile-based financial service acting as a credit card on the phone, allowing customers to access up to R10,000 in daily withdrawals with repayment over 1, 2, or 3 months. Includes virtual card capability and QR code payments.
• Buy Now Pay Later (PayJustNow) Interest-free Buy Now Pay Later payment solution enabling customers to pay for purchases in 3 equal instalments with no interest or fees, available online and in-store through PayJustNow at 3,450+ merchants.
• PayStretch Instalment Credit Digital payment product enabling customers to spread the cost of larger purchases over 12 months at point of sale, designed for higher-value items.
• Funeral Insurance Funeral cover policies with options to cover self, spouse, up to 5 children, up to 4 parents and up to 8 extended family members on a single plan, with cover up to R100,000 from R49 per month.
• Personal Accident Insurance Policy providing accidental death and disability cover from R50,000 to R150,000 from R39 per month, designed to give customers peace of mind for their loved ones.
• Easy Life Insurance Simple underwritten life cover for main member with easy question-based underwriting, providing instant cover at affordable pricing.
• Merchant Analytics Analytics-as-a-service offering with tiered pricing models (Predictive, Comparative, Entry) providing merchants with real-time data analytics, insights, and predictive analytics for business decision-making.
• Merchant Checkout Services Conversion and upsell services for merchants integrating BNPL, PayStretch, and product insurance at checkout to increase basket size and conversion rates.
• HomeChoice Retail Omni-channel homeware retailer serving urban digital-savvy African women, offering quality own-brand bedding, textiles, and home products through showrooms, e-commerce, call centre, and direct delivery.

Quantifiable outcome

• Revenue growth of 23% to R5.5 billion in FY2025
• +6 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Bank Partnership (MVNO)coreStrategic or Co-development Partner · 1 January 2026Planned partnership with a bank for PayJustNow debit card launch in 2027. Will facilitate convenient access of payments products at till. Partnership extends financial services reach.
• ShopritecoreChannel Partner/ Reseller/ Distributor · 1 January 2025Major national retailer partnership for PayJustNow BNPL distribution. Shoprite integration strengthens marketplace and supports growth to 3,450 merchants and 12,300 points of presence. Customers can use BNPL at Shoprite checkout both online and in-store.
• TakealotcoreChannel Partner/ Reseller/ Distributor · 1 January 2025Major e-commerce retailer partnership for PayJustNow BNPL distribution. Takealot integration provides online BNPL checkout option. Partnership strengthens digital payments ecosystem and marketplace positioning.
• HomeChoice Development TrustminorOthers · 1 January 2012Corporate social investment initiative focused on Early Childhood Development (ECD) in underprivileged communities in Western Cape. Built 14 educare centers, trained 3,175 practitioners, provided quality education to 41,600+ children. R65m donated since 2012.

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• TymeBank: South African digital-only bank serving the mass-market, underbanked customer segment with digital lending, transactional accounts, and lifestyle products. Directly comparable as a digital-first challenger targeting similar underserved demographics with a similar ecosystem approach.
• African Bank: South African retail bank specializing in unsecured personal loans, credit, and insurance products for the mass market. Comparable customer segment, product mix (lending + insurance), and focus on financial inclusion.
• Bayport Financial Services: Pan-African provider of personal loans, credit, and financial services to middle-income earners across multiple African markets. Closely comparable business model in personal lending with similar customer demographics.
• Clientele Limited: South African insurer specializing in funeral, personal accident, and life insurance products sold through direct and digital channels. Directly comparable to FinChoice's insurance vertical.
• Mobicred: South African BNPL and credit provider enabling customers to pay for online purchases in instalments via merchant checkout. Direct competitor to PayJustNow in the South African BNPL market.
• Float (by Standard Bank): South African BNPL provider owned by Standard Bank, offering interest-free instalment payments at online checkout. Direct competitor to PayJustNow with strong incumbent backing.

Broad incumbents

• Capitec Bank: South Africa's largest digital retail bank serving lower-to-middle income customers with unsecured personal loans, credit facilities, and insurance. Directly overlaps with Weaver's lending and insurance verticals at much larger scale.
• Discovery Bank: South African digital bank and insurer with a behavior-linked rewards model. Competes in the South African digital financial services space with integrated banking, credit, and insurance offerings.
• Klarna: Global BNPL leader offering pay-in-3 and pay-in-4 instalments at merchant checkout. Comparable product offering and merchant economics, though not currently operating at scale in South Africa.

Emerging players

• TymeDigital / TymeBank adjacent lending: Beyond TymeBank itself, emerging South African digital lenders targeting the underbanked segment with mobile-first credit products. Represents the next wave of potential competitors expanding into Weaver's core lending niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/weaver-fintech-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Weaver Fintech