JSE-listed fintech group reports 48% profit surge for the six-month period ending 30 June 2025, fueled by rapid customer growth and AI-driven efficiency
Weaver Fintech, formerly Homechoice International, continues its impressive growth trajectory, with its trading brands Finchoice and PayJustNow adding more than 110,000 new customers per month. This surge in user acquisition has contributed to a 48% increase in profit before tax, reaching R370 million for the six months ending June 2025, up from R250 million in the prior period.
Strong Financial Performance Driven by Fintech Dominance
The group’s latest interim results reveal a 29% revenue growth to R2.6 billion, up from R2 billion in H1 2024.
The Fintech division, which now accounts for 98% of group profit, remains the primary growth engine, with revenue climbing 39% to R1.6 billion. Fee income also saw a 47% increase, making up 28% of total revenue.
Weaver Fintech’s digital-first approach has proven highly effective, with cash collections rising 47% to R7.7 billion, demonstrating the efficiency of its AI-powered collections model.
The group now serves 3.7 million customers, a 48% increase year-on-year, with 70% being tech-savvy African women.
AI and Digital Innovation Fuel Expansion
CEO Sean Wibberley attributed the strong performance to strategic tech investments, stating:
“We’ve doubled down on AI to enhance fraud detection, risk assessment, and operational efficiency. Our digital platforms are driving customer engagement and sustainable profitability.”
The Fintech ecosystem, which includes lending, payments, and insurance products, has seen a 20% rise in customers holding two or more products. Notably, users with three or more products generate 12x higher revenue per user (ARPU) than single-product customers.
Expanding Merchant Services & Retail Growth
Weaver Fintech is also scaling its B2B merchant network, now serving 3,100+ merchants, with 496 million customer interactions in H1 2025. New insurance and payment products are set to launch in late 2025, further diversifying revenue streams.
Meanwhile, the Retail division (Homechoice) posted a 12% sales increase (R677 million) and a 63% jump in operating profit (R31 million), driven by showroom expansion and strong demand for bedding and textiles.
Outlook: Sustained Growth & Market Leadership
With 130,000+ new customers monthly, Weaver Fintech is solidifying its position as a leader in digital financial inclusion. Wibberley concluded:
“We’re not just scaling—we’re transforming financial access in South Africa. Our tech-driven model ensures long-term profitability and impact.”
The group declared an interim dividend of 140 cents per share (up 47%), reflecting confidence in future growth.
As Weaver Fintech continues to innovate, its customer-centric fintech solutions are set to drive even greater adoption across Africa.
