About Yoco
Yoco is a company based in Cape Town (South Africa) founded in 2015 by Lungisa Matshoba, Carl Wazen, Bradley Wattrus, and Katlego Maphai. Yoco has raised $102 million across 4 funding rounds from investors including Accion, Partech Partners and Quona. Yoco has completed 1 acquisition, including NONA. Yoco operates in a competitive market with competitors including Flutterwave, Network International, Ozow, Dlocal and ACI Worldwide, among others.
- Headquarter Cape Town, South Africa
- Founders Lungisa Matshoba, Carl Wazen, Bradley Wattrus, Katlego Maphai
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Financial Services
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People of Yoco
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Funding Insights of Yoco
Yoco has successfully raised a total of $102M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $83 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Yoco
Yoco has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Accion, Partech Partners and Quona.
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Venture capital firm investing in tech sectors
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Early-stage investments in technology companies are targeted by 4DX Ventures.
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Venture capital is provided to global tech startups and scale-ups.
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Investor details for Yoco
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Investments & Acquisitions by Yoco
Yoco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NONA.
Investment portfolio details for Yoco
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NONA is engaged in providing digital work services.
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Complete acquisition details for Yoco
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Financial Statements - Yoco
Detailed financials for Yoco
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Yoco Comparisons
Peer comparison for Yoco
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Competitors of Yoco
Yoco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Network International, Ozow, Dlocal and ACI Worldwide, among others.
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Provider of payment processing solutions for businesses
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Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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Payment processing solutions are provided for businesses and merchants.
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Global payment processing is facilitated for businesses through diverse methods.
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of Yoco
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Latest news on Yoco
Complete news archive for Yoco
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Frequently Asked Questions about Yoco
Yoco was founded in 2015.
Yoco is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Katlego Maphai is the current CEO of Yoco. They have also founded this company.
Yoco is a funded company, having raised a total of $102M across 4 funding rounds to date.
Yoco was founded in 2015 in Cape Town, South Africa, within the fintech sector. Payment processing services are provided, including NFC-enabled card machines, hardware-based devices, payment gateways, and link-based payments. An app-based platform is available for sales management and performance tracking on iOS and Android devices. Operations focus on supporting merchants across the region with integrated financial tools.
Yoco's top competitors include Flutterwave, Network International and ACI Worldwide.
Yoco has made 1 acquisition, including NONA.
Yoco has 13 investors. Key investors include Accion, Partech Partners, Quona, Futuregrowth, and FMO.