Nigerian fintech, Woven Finance, reveals what caused shutdown miscommunication in January as it begins a brand refresh
Woven Finance refuted claims of a shutdown in Q1 2024. An email warning customers was sent in error and contained risk assessment information.
Woven Finance fumble: startup denies shutdown after erroneous email
Woven Finance denies shutting down after an email informing customers of a shutdown was sent in error. The company stated that the email was unauthorized and immediately recalled.
Exclusive: Woven Finance, a fintech startup backed by Coronation Group, is shutting down
Woven Finance is discontinuing its service and transferring it to Hydrogen, a fintech company owned by Access Bank. The decision may be a response to increasing competition from established fintechs like Squad and Hydrogen.
