Woven Finance, the fintech startup founded by Trium, a venture group by Coronation Group, is halting its service, according to an email shared with customers on Wednesday.
The financial technology company, which was licensed by the Central Bank of Nigeria in 2022 as a Payment Solutions Service Provider (PSSP), is set to transfer its services to Hydrogen, a fintech company owned and run by Access Bank.
If the deal is struck, with Woven becoming part of Hydrogen, it will help Access Bank compete with GTCO’s fintech, Squad.
