Yoco is an African technology company that builds tools and services to help small businesses get paid, run their business better, and grow.
Yoco offers a point of sale card reader that links to its proprietary payment and performance software at an entry cost of 1799 South African Rand, or just over $100.
Yoco was founded in 2013 by Katlego Maphai, Carl Wazen, Lungisa Matshoba and Bradley Wattrus. The company is headquartered in Cape Town, Western Cape, with an office in Johannesburg, Gauteng, South Africa.
Yoco’s already posted significant numbers for its business connecting small companies to digital payment and enterprise software products. The company is already processing $280 million in annualized payment volume for just under 30,000 businesses.
Yoco is backed by Partech, Quona Capital, FMO, Velocity Capital and others. The company has raised a total of $23M in funding. Their most recent round was Sep 06, 2018, which was a Series B of $16M in funding.