What is Yoco?
Yoco provides an integrated ecosystem of point-of-sale (POS) systems and card machines specifically engineered for the South African market. By consolidating payment processing, real-time sales tracking, and operational management into a single, intuitive account, the company empowers over 200,000 businesses across diverse sectors, including retail, food and beverage, and health and beauty. Their platform is designed to reduce administrative friction, allowing merchants to focus on revenue generation rather than complex financial logistics. As a critical enabler of local commerce, Yoco's market position is defined by its commitment to financial inclusion and technological accessibility for small business owners.
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 Breyer Capital, HOF Capital, and Dragoneer Investment Group
Key Investors in Yoco
Breyer Capital
Breyer Capital is an independent global venture capital and private equity investor focusing on long-term, idea-driven investments in AI, consumer software, and fintech.
HOF Capital
HOF Capital is a global multi-stage venture capital firm located in New York City, focused on supporting ambitious entrepreneurs and driving economic growth in diverse sectors.
Dragoneer Investment Group
Founded in 2012 and headquartered in San Francisco, Dragoneer Investment Group provides specialized investment services to both public and private clients.
What's next for Yoco?
With the recent infusion of capital, Yoco is well-positioned to accelerate its product development and expand its footprint within the African fintech ecosystem. The strategic focus will likely shift toward enhancing the scalability of its POS infrastructure and deepening its suite of value-added services. By leveraging the expertise of its high-profile backers, the company is expected to refine its data-driven insights, enabling merchants to make more informed operational decisions. As the firm transitions into a more mature enterprise-level entity, the emphasis will remain on maintaining its competitive edge through innovation, user-centric design, and the continued digitization of the informal and small-business retail sectors.
See full Yoco company page
