Weaver Fintech’s retail roots fade as fintech engine roars

Weaver Fintech (formerly Homechoice International) reported a 23% revenue jump to R5.5-billion for FY2025, with its fintech division now contributing 93% of group trading profit. The fintech arm grew revenue 36% to R3.43-billion, driven by its BNPL product PayJustNow and FinChoice lending/insurance brands. The ecosystem serves nearly 4 million customers, adding 120,000 new sign-ups monthly. Cross-selling is a key revenue driver — customers with five or more products generate over R18,000 in annual revenue versus R1,176 for single-product holders. Gross merchant value processed grew 80% to R7.1-billion. Meanwhile, the legacy retail division posted an operating loss of R144-million after a R244-million non-cash impairment charge, though management expects a turnaround in 2026. Shares jumped over 9% on the results.