Yoco South African Fintech Product and Services Evolution.pptx
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Yoco, a financial technology company, has raised $176 million total over 7 funding rounds from 25 investors including Velocity Capital Fintech Ventures and TPG. As of June 2023, Yoco had 350,000 customers which was expected to grow following an $83 million investment in 2021, with the goal of reaching 1 million customers. In 2018, Yoco partnered with Retail Capital and Lualend to offer clients access to over $1.9 billion in financing by mid-2023.
Yoco South African Fintech Product and Services Evolution.pptx
- 1. Yoco is funded by 25 investors. Velocity Capital Fintech Ventures and TPG are the most recent investors. Yoco has raised a total of $176M in funding over 7 rounds. Their latest funding was raised on Dec 15, 2022 from a Series C round. Yoco had 350 000 customers as of June 2023 which was set to grow on the back of a US$ 83 million investment in 2021. In October 2018, Yoco partnered with Retail Capital and Lualend to offer clients access to finance. Yoco clients had accessed just over R1.9-billion worth of finance in mid 2023. Their goal is to reach a 1 million customer base.