Woveo

Woveo

About this app

Woveo is the all-in-one credit platform designed for entrepreneurs, freelancers, and community-driven builders. We believe your potential shouldn't be limited by a traditional personal credit score. That’s why we provide the tools to access capital, build a robust credit profile, and graduate to the mainstream, all in one place.

Key Features:

■ Credit Building Loans for SMEs
- Get Funded Fast: Access up to $25,000 in business funding. Minimum requirements are a 600 credit score, $5,000 monthly revenue, and 12 months of operating history.
- Transparent Terms: Enjoy fixed interest rates with clear repayment plans and zero hidden fees.

■ Accountability Partner System
- Social Collateral: Use the strength of your network to secure loans. Add accountability partners to strengthen your approval and earn rewards together.
- Earn 1% Success fee: Accountability Partners earn 1% of the loan value upon full repayment

■ Credit Building
- Report to Major Bureaus: Your repayment activity is reported to major credit bureaus, helping you build a prime credit profile as you grow.
- Build your Woveo Score: In addition to Equifax and TransUnion, build your Woveo score based on actual repayment behavior to graduate to lower-cost financing products.

■ Credit & Saving Groups
- Interest-Free Capital: Join or create groups to pool funds and access lump-sum payouts on a rotating basis. It’s community-powered lending with 0% interest.

■ Smart Community Wallets
- Centralized Finance: Manage your business funds, group balances, and payment history in one sleek dashboard.
- Instant Cashouts: Move your money when you need it with fast payout methods, including Interac transfers.

Why Woveo?
Our mission is to make SMEs bankable and reduce high rejection rates so you can access the capital you need to grow. We are your first partner in your capital journey, helping you graduate to our institutional partners. We’ve moved beyond the "wallet" to give you a full-scale credit platform that turns community trust into financial capital.