Weaver Fintech's growth boosted by acquisition of 130 000 new women customers every month

WEAVER Fintech has declared a remarkable first half, a pretax profit surge of 48% to R370 million, attributed to a robust revenue growth of 29% that reached R2.6 billion.

- EDWARD WEST

This was according to the company's half year results to June 30 that were released on Tuesday, and which followed the rebranding last month from the former name, Homechoice International.

CEO Sean Wibberley expressed his enthusiasm for the firm's performance, remarking on the company’s evolving 40 year relationship with both customers and merchants.

“Our results show how deeply our ecosystem resonates with customers and merchants. We had a very good first half, off the back of a strong second half of last year. We are not just scaling — we're transforming how financial services are accessed and experienced across South Africa,” he said.

Weaver Fintech has successfully captured the attention of 3.7 million customers, 70% of whom are tech-savvy women from Africa, marking a 48% annual increase. The company is acquiring an impressive average of 130 000 new customers monthly, with most new users drawn via word-of-mouth or through engagement on platforms while shopping.