What is Yoco?
Yoco specializes in empowering small businesses across South Africa by offering integrated solutions that simplify payments, real-time sales tracking, and overall operational management through a unified account. Catering to diverse sectors such as food and beverage, retail, health and beauty, and various service industries, Yoco's mission is to drive revenue growth for its clients while optimizing their time and financial resources. The platform is currently trusted by over 200,000 businesses, highlighting its critical role in the South African small business ecosystem.
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 Dragoneer Investment Group, HOF Capital, and Breyer Capital
Key Investors in Yoco
Dragoneer Investment Group
Dragoneer Investment Group is a San Francisco-based investment firm established in 2012, providing investment services to both public and private clients, likely focusing on growth-stage technology companies.
HOF Capital
HOF Capital is a global, multi-stage venture capital firm based in New York City that invests in ambitious entrepreneurs, supporting startups with resources and expertise to foster expansion and innovation.
Breyer Capital
Founded in 2006 by Jim Breyer, Breyer Capital is an independent global investor focused on long-term, idea-driven investments, particularly in AI and machine learning, with a portfolio including major tech firms.
What's next for Yoco?
The substantial enterprise-level capital infusion positions Yoco for accelerated growth and market penetration. With a recent major strategic investment, the company is poised to enhance its technological infrastructure, expand its service offerings, and potentially explore new geographic markets. This backing will likely enable Yoco to further solidify its leadership in providing essential financial tools to underserved small and medium-sized enterprises, driving innovation in the South African fintech landscape.
See full Yoco company page
