Woveo’s Verified Communities create a trusted, secure, and structured financial environment. By completing verification, your organization unlocks exclusive benefits like emergency credit, secured credit group access, and tools for credit and contribution visibility—all grounded in social accountability and community trust.
Let's Get Started - Here's what we're going to do!
Assign a Primary Contact
Complete a basic pre-verification (email/phone check)
Begin full application and assign collaborators
Upload all required documents
Submit supporting documents
Step-by-Step Narrative: From Intent to Activation
👥 Who Should Lead This Process?
Every organization must assign a Primary Contact—this is the verified representative responsible for overseeing the onboarding process and managing the Verified Community portal.
They will be able to:
Access and edit all application sections
Invite collaborators for individual sections (collaborators will only see their assigned part)
Track progress and submit the final application
Recommended Primary Contact Role:
Executive Director
Program Manager
Community Admin/Coordinator
Financial Lead or Loan Officer
⏱️ Timeline & Duration
Stage | Estimated Time |
Step 1: Pre-verification | 5 minutes |
Step 2: Full application | 1 hour 30 min total (can be split across days) |
Compliance Review | 5 business days |
Approval & Activation | Immediately after confirmation |
Step 1: Primary Contact Setup & Pre-Verification
Scenario:
Sarah, the Program Manager at Elevate, was nominated as the Primary Contact for the Woveo verification process. She received a welcome email prompting her to confirm her phone number and email address. Within minutes, her pre-verification was complete.
Why this matters:
At this stage, Sarah became the administrator for Elevate’s financial community. She’s responsible for coordinating the full onboarding process but can invite others to help with individual sections later.
Step 1: Pre-Verification – Quick Start
This is a light-touch stage to confirm your identity and contact information.
You’ll need:
Email address (verified)
Mobile number (verified via code)
Your role/title in the organization
Once submitted, Woveo begins a soft KYC check for the representative before unlocking full application access.
And we're off ..........
🔧 Portal Features & Responsibilities
View all sections in a modular format
Track your overall progress visually
Invite collaborators securely (email-based access per section)
Upload and edit documents securely
Auto-save function with resume access
Message support and ticketing for assistance
Step 2: Verified Community Application (8 Sections)
You’ll complete 8 modular sections inside the portal. Each section is viewable and can be saved as you go. You may assign a collaborator per section.
Section | Purpose | Scenario | Real-world use |
1. Business Details | Legal structure, incorporation, and business identifiers | Sarah filled in Elevate’s legal name, incorporation date, and CRA registration details. Since the incubator isn’t a financial institution, she selected “non-regulated entity.” The business operates under the legal name Elevate Enterprise Hub and does not have a DBA (Doing Business As). | By registering as a verified entity, Elevate can now hold funds on behalf of their entrepreneurs via a pooled Secured Credit Group—and distribute these according to community-defined terms. |
2. Entity Structure | Stakeholders and authorized signatories | Sarah invited her Executive Director and the Finance Lead to complete this section. Each had to verify their ID by clicking a secure link sent to their email.
| These individuals are now authorized to approve or customize community lending rules, like choosing a 3-month grace period for startups or setting a rotating credit cap of $1,000 per entrepreneur. |
3. Financial Info | Volume estimates, assets, and customer base | Elevate noted that their fund distribution is expected to average $2,000 per transaction, across approximately 40 participants per cycle. They expect to transfer up to $250,000 annually as part of their community-driven microloan and savings program. | This lets Woveo model the appropriate credit flow limits and risk safeguards, making it easier for Elevate to scale without worrying about compliance bottlenecks. |
4. Signer KYC | Personal info for key individuals (ID check triggered) | Each key individual completed identity checks. Sarah uploaded her residential information, while the Finance Lead did the same.
| This ensures accountability in fund distribution and strengthens internal governance, critical for organizations managing multiple rotating credit groups or funding programs. |
5. Account & Billing | Connect VoPay wallet and verify account details | Elevate connected their bank account via VoPay’s secure portal, allowing them to fund their credit pool and withdraw repayment amounts. | If they hadn’t had online banking credentials, Sarah could have simply uploaded 3 months of financial statements. |
Bonus: Sarah set up billing for monthly platform usage using their program’s operational budget, billed automatically through VoPay. |
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6. Document Upload | CRA tax notice, unaudited financial statements | Elevate submitted their CRA Notice of Assessment and unaudited year-end financial report. This helped validate their legal standing and ongoing financial activity. | Most organizations can export a CRA Notice directly from their business portal—it’s a simple but key document for confirming legitimacy. |
7. Supporting Info | Clarifications or documents specific to your use case | Sarah included a 2-page overview of Elevate’s incubator program to show how community lending fits into their mission. This helped Woveo’s risk and compliance team understand how pooled lending would support entrepreneurship and job creation. |
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8. Review & Submit | Final application check and submission | After reviewing all sections, Sarah submitted the application. Within 3 business days, Elevate received confirmation: they were now a Verified Community on Woveo. |
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💡 You can pause and resume anytime. Each section auto-saves
After reviewing all sections, Sarah submitted the application. Within 3 business days, Elevate received confirmation: they were now a Verified Community on Woveo.
🎯 What Next?
Elevate launched two distinct financial tools:
Rotating Savings Circle
Each entrepreneur contributes $200 monthly in a group of 4 members.
Every month, one entrepreneur gets the pooled $8,000
Contributions tracked via the Woveo Wallet
Customized Microloan Program
Loans between $5000–$10,000
Affordable interest rates
Repayment aligned with projected sales or grant cycles.
All activity is visible to you as a community Admin through the Woveo dashboard, with transparency, fraud protection, and member accountability built in.
📞 Need Help?
Woveo’s Support Team is available through:
In-app chat support (24 hrs, 365)
Email: support@woveo.com
Phone: (825) 800-0995 (business hours)
Live walkthrough sessions (Book a time)