Woven Finance Partners with leading Banks to Streamline Business Payments Nationwide
In a decisive move to simplify and accelerate financial transactions for Nigerian businesses, Woven Finance has announced groundbreaking partnerships with VFD Bank and Globus Bank, aimed at eliminating long-standing inefficiencies in the country’s payment infrastructure.
The partnerships represent a major milestone in Woven Finance’s mission to provide fast, secure, and interoperable digital payment solutions in an economy increasingly reliant on digital-first financial services. The collaborations promise to redefine the payment experience for businesses by enabling direct settlement pipelines, improving cash flow visibility, and significantly reducing delays in collections.
“For many businesses, delayed settlements and fragmented systems stall operations and erode customer trust,” said Frank Ugwulali, Head of Product & Partnerships at Woven Finance. “With our partners, we’re eliminating the institutional lags that hold businesses back.”
Through deep integration with both VFD and Globus, Woven Finance now offers smarter payment routing, faster settlements, and automated reconciliation tools—all tailored to meet the growing demands of enterprises in retail, tech, education, logistics, and beyond. The partnerships also introduce a unified reconciliation system complete with automated reporting, empowering business owners with unprecedented control over their finances.
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Woven’s suite of tools already includes virtual accounts, secure payment links, and advanced APIs. The company also revealed plans to roll out a mobile application, designed to extend access to these enterprise-grade tools to freelancers, SMEs, and solo entrepreneurs across Nigeria.
The company is actively building integrations with banks, switches, and third-party platforms, reinforcing its commitment to creating a more seamless and unified digital financial ecosystem. Its open-API model allows businesses and developers to embed payment infrastructure directly into their platforms, applications, or services.
As Nigeria’s fintech sector continues to mature, Woven Finance is establishing itself as a critical infrastructure provider, offering scalable, traceable, and reliable payment solutions that drive the nation’s digital commerce forward.
Woven Finance remains focused on powering the future of business transactions with transparency, speed, and control—laying the foundation for what could become a frictionless financial future for Nigeria’s enterprises.
