Yoco
Founded
2014 in Cape Town, South Africa by Katlego Maphai, Carl Wazen, Bradley Wattrus, and Lungisa Matshoba.
Founders & Leadership
Katlego Maphai — Co-Founder & CEO
Carl Wazen — Co-Founder
Bradley Wattrus — Co-Founder
Lungisa Matshoba — Co-Founder
Location
Cape Town, South Africa, with a growing pan-African and Middle Eastern footprint.
Industry
FinTech / Payments Infrastructure — digital payment solutions and small business financial tools, including in-store card machines and online payments platforms.
Overview
Yoco provides point-of-sale (POS) hardware and software, online payment services, business tools, and flexible funding to small and micro businesses. It helps merchants accept card payments, manage sales and analytics, and access capital-like products tied to transaction history. Yoco also supports online checkouts and integrates reporting, cashflow tools, and merchant insights into one platform.
As of 2025, over 200,000 businesses use Yoco’s technology, with the platform processing tens of billions in annual transaction volume and an estimated valuation of around R12.5 billion.
Core Features & Capabilities
Card Machines & POS: Yoco card terminals and POS solutions for in-store payments.
Online Payments: Tools to accept card payments via online checkouts (web and app).
Business Insights & Reporting: Sales tracking, inventory and performance analytics.
Flexible Funding: Funding options for merchants based on sales performance.
Cashflow & Reconciliation: Streams for tracking finances and managing receipts.
Target Market
Small & Micro Businesses — retail, hospitality, services, and market stalls needing affordable digital payments solutions.
Merchants traditionally reliant on cash — enabling card and digital payments where previously acceptance was limited.
E-commerce sellers seeking simple online checkout integration.
Value Proposition
Financial Inclusion & Accessibility: Low-barrier digital payments for small merchants previously excluded from electronic transactions.
Integrated Business Tools: Combines payments, reporting, and funding into a single platform.
Fast Deployment: Quick setup of card machines and online payment solutions.
Pan-African Reach: Expanding beyond South Africa into wider African and Middle Eastern markets.