Yoco: Smart Payment Empowering Africa’s Small and Medium Sized Businesses

Yoco is a leading African fintech company that specializes in providing payment solutions for small and medium-sized businesses. Founded in 2013, Yoco offers accessible and affordable tools for accepting card payments, managing sales, and tracking performance. Through their card machines, they enable small businesses in Africa to receive payments and grow their businesses. Yoco employs more than 350 people and has offices in Johannesburg, Cape Town, and Amsterdam.

Headquarters: Cape Town, South Africa

Founders: Katlego Maphai, Carl Wazen, Bradley Wattrus, and Lungisa Matshoba

Industry: Fintech, Financial Services, Payments

What They Offer

Card Payment Solutions: Yoco offers a range of card payment devices, including mobile card readers and countertop devices, that allow businesses to accept debit and credit card payments.
Yoco Go: A mobile point-of-sale (POS) application that enables businesses to manage sales, inventory, and customer relationships from a smartphone or tablet.
Business Portal: A web-based platform that provides businesses with insights and analytics on sales, product performance, and customer behavior.
Integrations: Yoco offers seamless integration with popular accounting, inventory management, and e-commerce platforms, streamlining business processes.
Khumo Print: Yoco’s smartest standalone card machine, including a built-in printer.

Big Wins

Yoco company has processed billions of dollars in transactions since its inception, and has attracted significant investments from prominent investors, such as Partech, Quona Capital, and Velocity Capital, raising over $176 million in funding as of publication. In 2022, Yoco onboarded more than 300,000 total merchants. In 2023, Yoco launched an Instant Payout feature.

Competitors

Paystack, Flutterwave, and other payment service providers in the African market.

News

Yoco solves for SMEs' interrupted cash flow

Katlego Maphai, CEO of Yoco Technologies, revolutionised the payment landscape

Yoco’s Instant Payout gives customers ability to immediately transfer funds from sales

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Naqsh Haque

Naqsh Haque is an accomplished content strategist and digital editor with a talent for marketing and innovation. She has experience working in diverse sectors including public policy, global health, and publishing.

Managing Editor