Yoco

South Africa - Cape Town, Western Cape

• 27/07/2021
• Series C
• $83,000,000

Yoco is a growing African Fintech, enabling people to thrive through open commerce.

Founded in 2015, Yoco now processes over US$2 billion annually, and we’re the payments provider for over 200 000 self-employed.

By 2024 we aim to serve 3 million entrepreneurs, becoming the leading Open Commerce ecosystem for small business, across Africa and the Middle East.

We’re breaking down barriers to a more prosperous future for all. We’re unlocking economic opportunities by building inclusive financial tools for the self-employed.

We believe in a world where commerce is more accessible, more possible, more inclusive, more for everyone.

We believe in a world where technology enables people to focus on what matters, where they can tap into their gifts, creativity and passion.

We believe in increasing wealth locally, and in the ripple effect that it can have on so many communities.

We’re opening commerce for everyone. Grow with us!

Related People

Carl WazenCo Founder

United Arab Emirates - Dubai

Yoco helps small businesses get paid in-store, online, and on the go.

Yoco was named in the top 250 most promising fintech companies by CB Insights for the last 3 years running.

At Yoco, Carl has focused his efforts on driving growth (Over 200,000 merchants acquired) and raising capital ($107M in funding raised to date from the likes of Dragoneer, Partech, Breyer Capital, Quona, Velocity, Orange Ventures, Raba Partnership, 4DX, TO.Ventures, CRE, DJ Black Coffee and others.

Prior to co-founding Yoco, Carl spent 7 years working as a management consultant and private equity investor across Africa and the Middle East, helping large telecom operators expand their Africa footprint at the height of the continent's telecoms boom.

LinkedIn https://www.linkedin.com/in/carlwazen/?originalSubdomain=za