{"id":635139,"date":"2026-03-24T14:08:25","date_gmt":"2026-03-24T12:08:25","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=635139"},"modified":"2026-03-24T14:08:58","modified_gmt":"2026-03-24T12:08:58","slug":"low-key-south-african-fintech-company-doubled-investors-money-in-a-year","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/635139-low-key-south-african-fintech-company-doubled-investors-money-in-a-year.html","title":{"rendered":"Low-key South African fintech company doubled investors\u2019 money in a year"},"content":{"rendered":"\n

The share price of South African fintech company Weaver Fintech has increased by 109% in the last year, doubling investors’ money even before accounting for substantial dividend payouts.<\/p>\n\n\n\n

When the Johannesburg Stock Exchange (JSE) closed on 23 March 2026, Weaver Fintech’s share price was R62.50, up from R29.90 a year ago.<\/p>\n\n\n\n

The company also declared an interim dividend of R1.40 for the period ending 30 June 2025, which was paid out on 1 September 2025.<\/p>\n\n\n\n

A shareholder who reinvested that payout into more Weaver Fintech shares would have been able to buy roughly 0.032 shares at the closing price of R43.49 on that day.<\/p>\n\n\n\n

The value of the R1.40 dividend would have increased to R2.01 by 23 March 2026. The total value of a single share and dividend would be R64.51 \u2014 a 116% increase over the original investment’s value.<\/p>\n\n\n\n

Weaver Fintech has been listed on the JSE since 2014, but it previously went by another name \u2014 HomeChoice International \u2014 when it was a mail-order homeware business.<\/p>\n\n\n\n

Listed at R33.00, its share price peaked at R49.50 in April 2018, before gradually declining to below R19 in 2023.<\/p>\n\n\n\n

However, in February 2022, it made a winning bet \u2014 acquiring an 85% stake in buy-now-pay-later platform PayJustNow.<\/p>\n\n\n\n

PayJustNow is one of several buy-now-pay-later products that have gained traction in recent years. It lets users split payments into three equal instalments with no interest over two months.<\/p>\n\n\n\n

Instead of requiring users to submit formal lending applications, PayJustNow uses a predetermined income assessment that blends information from credit bureaus and user-declared data when users sign up.<\/p>\n\n\n\n

Customers with higher default risk will initially be allowed to make only low-value purchases. If they prove to be reliable payers, their allowances are increased.<\/p>\n\n\n\n

“This ‘low and grow’ strategy allows them to prove positive repayment behaviour over time, unlocking higher limits as trust is built,” PayJustNow explained.<\/p>\n\n\n\n

“Importantly, consumers under debt review and those who are blacklisted don’t qualify \u2014 a safeguard that prevents further financial strain.”<\/p>\n\n\n\n

Another option is PayStretch or Pay-in-12, which lets customers spread payments over 12 instalments at a “fair” interest rate.<\/p>\n\n\n\n

PayJustNow takes over as its biggest business<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

HomeChoice’s share price rose back above R30 in August 2024 following the release of its interim results, which showed strong performance for PayJustNow, before cooling slightly through early 2025.<\/p>\n\n\n\n

From around the second quarter of 2025, the share price began a sustained climb as it became evident that PayJustNow was maintaining its strong revenue growth. <\/p>\n\n\n\n

By August 2025, HomeChoice announced it was rebranding as Weaver Fintech, as its fintech businesses contributed over 90% of the group’s profits.<\/p>\n\n\n\n

Between 2019 and 2024, revenue and profit in the fintech divisions increased at a compounded annual growth rate of 30%.<\/p>\n\n\n\n

While its retail business continues to operate as HomeChoice, it has become ancillary to the company’s PayJustNow and FinChoice ventures.<\/p>\n\n\n\n

In the year ending 31 December 2025, Weaver Fintech reported revenue of R5 billion, up 23% from 2024, while trading profit hit R1 billion, an increase of 41%. <\/p>\n\n\n\n

Cash and undrawn facilities also increased by R1.5 billion to R5 billion, while the company reported cash collections remaining consistently higher than cash deployments. <\/p>\n\n\n\n

The company also declared a final dividend of R1.32 for the year ended 31 December 2025, but this will only be paid out on 20 April 2026. <\/p>\n\n\n\n

The company’s fintech businesses reached three million users, with exceptional growth of more than 120,000 monthly sign-ups.<\/p>\n\n\n\n

Weaver Fintech said its continued onboarding of top-tier retailers, including major national brands such as Takealot and Shoprite, had strengthened its marketplace.<\/p>\n\n\n\n

Weaver Fintech’s share price performance over the last year<\/h2>\n\n\n\n

The graph below shows the change in Weaver Fintech’s share price from 24 March 2025 to 23 March 2026.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\n","protected":false},"excerpt":{"rendered":"

The company previously known as HomeChoice had an exceptional 2025 due to one particular popular payment product.<\/p>\n","protected":false},"author":341042,"featured_media":635348,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[97013,103975,39268,88560,66897,103974,511,89372,39322],"class_list":["post-635139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-buy-now-pay-later","tag-buy-now-pay-later-bnpl","tag-fintech","tag-fintechs","tag-homechoice","tag-homechoice-international","tag-jse","tag-payjustnow","tag-tech-companies"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/635139"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341042"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=635139"}],"version-history":[{"count":13,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/635139\/revisions"}],"predecessor-version":[{"id":635607,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/635139\/revisions\/635607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/635348"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=635139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=635139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=635139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}