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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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $83.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Series C - Yoco | Valuation | The Raba Partnership , 4DX Ventures | |
| Sep, 2018 | Amount | Series B - Yoco | Valuation | Partech Partners , Velocity Capital Fintech Ventures | |
| Mar, 2017 | Amount | Series A - Yoco | Valuation | Quona , Velocity Capital Fintech Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in tech sectors
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Founded Year | Domain | Location | |
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Early-stage investments in technology companies are targeted by 4DX Ventures.
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Yoco
Yoco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NONA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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NONA is engaged in providing digital work services.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Yoco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Yoco Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Yoco
Frequently Asked Questions about Yoco
When was Yoco founded?
Yoco was founded in 2015.
Where is Yoco located?
Yoco is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Yoco?
Katlego Maphai is the current CEO of Yoco. They have also founded this company.
Is Yoco a funded company?
Yoco is a funded company, having raised a total of $102M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 06, 2015.
What does Yoco do?
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.
Who are the top competitors of Yoco?
Yoco's top competitors include Flutterwave, Network International and ACI Worldwide.
How many acquisitions has Yoco made?
Yoco has made 1 acquisition, including NONA.
Who are Yoco's investors?
Yoco has 13 investors. Key investors include Accion, Partech Partners, Quona, Futuregrowth, and FMO.
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