South African payments startup Yoco raises $83M series C backed by Dragoneer
Founded in 2013 and originally based in Cape Town, South Africa, Yoco has as it’s core mission the empowerment and growth of entrepreneurs in Africa. We do this by delivering smart technology that is able to accept payments, and use this payments data to offer insights and automation to SMEs. By doing this we help entrepreneurs get started, run and grow their businesses.
Yoco was founded by four friends who always knew they wanted to work together. After many discussions, meetings and ideas, they realised they shared a passion for smart technology and a desire to help small business owners. We went live with the first version of the Yoco app in October 2014. Since then, we’ve been working attentively with small groups of engaged businesses as we refined every aspect of the product and experience. Today, hundreds of businesses are signing up with Yoco every month and we are just getting started.