South African payments company Yoco has secured a $100m (approximately R1.65bn) credit facility from global investment firm Victory Park Capital to expand access to working capital for small businesses using its platform. The facility will fund Yoco Capital, the merchant funding product built into the Yoco app, allowing the company to extend cash advances to…
South African payments company Yoco has secured a $100 million (1.6 billion rand) credit facility from US investment firm Victory Park Capital Advisors to expand lending to small businesses. The agreement marks Yoco’s first direct debt financing arrangement and will allow the company to fund merchant cash advances through its own platform. The facility is…
Yoco provides card payment solutions and point-of-sale systems for SMEs. South African fintech firm Yoco is set to introduce a new artificial intelligence (AI)-powered assistant, Yoco AI, as part of a wider strategy to ease administrative workloads for small businesses, enhance decision-making and support growth. The company teased the upcoming offering at its Unfair Advantage…
Yoco and Stub bring payments and accounting together for South African merchants. Payments and software firm Yoco has integrated online accounting platform Stub into its commerce ecosystem. Officially launched in 2015, Yoco builds tools that enable SMEs to accept card payments and has over 200 000 South African merchant customers. In a statement, the company…
From left, Carl Wazen (Yoco chief business officer), Thalentha Ngobeni (Dyner CEO), Christopher du Plessis (Dyner CTO) and Lungisa Matshoba (Yoco chief product and technology officer) Payments company Yoco has acquired Dyner.ai, a local start-up that builds AI-driven operations software for restaurants and other small businesses, for an undisclosed sum. The deal appears to be…
South African fintech company Yoco has officially acquired Dyner.ai, a local startup specializing in AI-driven operational software for hospitality and independent retail businesses. While the purchase price remains undisclosed, the deal marks a significant strategic milestone as Yoco’s first major corporate acquisition. Read: SpaceX successfully launches Starship V3 in performance-packed test flight The transaction signals…
Yoco has snapped up Dyner.ai. Fintech firm Yoco has acquired Dyner.ai, an AI-native operating system built for restaurants and independent businesses, for an undisclosed amount. In a statement, the company says the acquisition marks a step in Yoco’s evolution from a payments company into a broader commerce and operations platform for independent businesses. It notes…
Carsten Höltkemeyer South African payments fintech Yoco has appointed Carsten Höltkemeyer as CEO, effective 1 June 2026, ending a nine-month interim period during which co-founders Bradley Wattrus and Lungisa Matshoba have run the business as co-CEOs. Höltkemeyer joins Yoco from a long career in European banking and fintech. He served as CEO of Berlin-based embedded…
Founder and CEO of Yoco, Katlego Maphai, will step down from his executive role but will remain actively involved in initiatives supporting small business development. Yoco’s founders | Image source: Yoco Co-founders Lungisa Matshoba and Bradley Wattrus have been appointed as co-CEOs. Matshoba will focus on product innovation and growth, while Wattrus will oversee governance…
Yoco co-founder and outgoing CEO Katlego Maphai Katlego Maphai, co-founder and long-serving CEO of South African fintech company Yoco, has announced he will step down from the role after more than 10 years at the helm. Maphai revealed the decision in a LinkedIn post on Wednesday, saying the move comes after a period of reflection….
