# Yoco Technologies Proprietary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yoco-technologies-proprietary

- Industry: Financial Services
- Headquarters: Cape Town, South Africa
- Website: www.yoco.com
- Total disclosed funding: $104M
- Latest round: Series C (Jul 27, 2021)
- Investors on record: 14

## About

Founded in 2013 and based in Cape Town, South Africa, Yoco Technologies Proprietary Limited trading under the name Yoco Holdings provides online payment solutions for small and medium businesses. The firm's name was derived from the name Your Commerce and was founded by the CEO Mr. Katlego Maphai, along with Mr. Bradley Wattrus, Mr. Carl Wazen, and Mr. Lungisa Matshoba. The firm has also raised total funding of USD 23.9 million.

Yoco Holdings provides payment management and audit services for small and medium-sized businesses. The firm offers a point-of-sale card reader device that links to the payment and performance software that enables the business to accept card payments. The firm provides Yoco Go which connects to a smartphone and Yoco Neo which doesn't require to be connected on a smartphone and wifi for accepting online and mobile payments.

The firm generates revenue by providing Yoco Go card machines for ZAR 449 with a fee of 2.60% to 2.95% per in-person transaction and 3.05–3.40% for online transactions, as well as Yoco Neo for ZAR 1199.

## Funding rounds

- Series C, Jul 27, 2021, $84M — Partech Partners, Velocity Fintech Ventures, Breyer Capital, Dragoneer Investment Group, Orange Ventures, Quona Capital, HOF Capital, 4DX Ventures, Raba, To Ventures Food
- Series B, Sep 6, 2018, $16M — Partech Partners, FMO, Velocity Fintech Ventures, Orange Ventures, Futuregrowth Asset Management, Quona Capital, Greyhound Capital
- Series A, Mar 1, 2017 — Velocity Fintech Ventures, Quona Capital
- Seed, Jun 1, 2016 — CRE
- Angel, Oct 31, 2015, $2.4M — CRE
- Seed, Jul 1, 2014, $1.7M — CRE

## Investors

- CRE (https://capitalatlas.ai/funds/cre) — Seed, Angel
- Velocity Fintech Ventures — Series A, Series B, Series C
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B, Series C
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C
- FMO — Series B
- Orange Ventures — Series B, Series C
- Futuregrowth Asset Management (https://capitalatlas.ai/funds/futuregrowth-asset-management) — Series B
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series B
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series C
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series C
- HOF Capital (https://capitalatlas.ai/funds/hof-capital) — Series C
- 4DX Ventures (https://capitalatlas.ai/funds/4dx-ventures) — Series C
- Raba (https://capitalatlas.ai/funds/raba) — Series C
- To Ventures Food — Series C