Yoco Secures $83 Million in Series C Funding to Fuel Small Business Success in Africa

In a significant move to bolster its operations and further empower small businesses across Africa, Yoco has announced a remarkable funding round, raising $83 million. As one of Africa's foremost fintech companies, Yoco has been on a mission since 2015 to enable over 400,000 small enterprises in South Africa to embrace open commerce by facilitating seamless card payments and granting access to vital capital resources. With a dedicated team of over 330 professionals based in South Africa and the Netherlands, Yoco is at the forefront of delivering innovative payments and software solutions tailored specifically for small businesses, often transforming their financial journeys for the first time. This latest funding round adds to Yoco's impressive capital raise of $170 million to date, attracting investments from renowned institutional backers like TPG, Dragoneer, Partech, and Quona. The newly acquired funds will be strategically utilized to enhance Yoco's product offerings, expand its operational footprint across the continent, and continue its commitment to integrating more small businesses into the digital economy. Recognized as one of the top 250 innovative fintech companies by CNBC in 2024, Yoco is poised to impact even more lives and economies, further affirming its position as a leader in Africa's growing fintech landscape. With accolades such as the Brand Africa Award for Inspirational Youth-Founded Companies and recognition as one of the fastest-growing companies by the Financial Times Africa, Yoco remains steadfast in its vision to empower small businesses and foster an inclusive financial ecosystem.