What is Yoco?
Yoco offers a comprehensive suite of solutions designed to help small businesses in South Africa thrive. Their integrated platform provides businesses with essential tools for payment processing, real-time sales tracking, and streamlined operations, all managed through a single account. Catering to diverse sectors including food and beverage, retail, health and beauty, and various service industries, Yoco's technology is instrumental in enabling businesses to increase revenue while optimizing time and cost savings. Over 200,000 businesses rely on Yoco for their critical payment and point-of-sale infrastructure.
How much funding has Yoco raised?
Yoco has raised a total of $99M across 2 funding rounds:
Series B
$16M
Series C
$83M
Series B (2019): $16M with participation from Velocity Capital Private Equity Hoofdstraat
Series C (2021): $83M led by HOF Capital, Dragoneer Investment Group, and Breyer Capital
Key Investors in Yoco
HOF Capital
HOF Capital is a global multi-stage venture capital firm located in New York City, focused on investing in ambitious entrepreneurs. The firm aims to support startups at various stages of growth, providing them with the necessary resources and expertise.
Dragoneer Investment Group
Founded in 2012 and headquartered in San Fransisco, California, Dragoneer Investment Group is a company that provides investment services to both public and private clients.
Breyer Capital
Breyer Capital is an independent global venture capital and private equity investor founded by Jim Breyer in 2006, focusing on long-term, idea-driven investments. The firm aims to catalyze high-impact entrepreneurs by leveraging insights from a network of world-class investors and a belief in the transformative power of artificial intelligence and machine learning.
What's next for Yoco?
The recent major strategic investment signifies a pivotal moment for Yoco, positioning it for accelerated expansion and further innovation in the fintech and small business solutions space. With a strong foundation built on empowering local entrepreneurs, Yoco is poised to deepen its market penetration within South Africa and potentially explore new avenues for growth. This capital will likely fuel product development, enhance customer support, and broaden the company's reach, reinforcing its role as a key enabler of small business success in the region.
See full Yoco company page
