Industry Newsroom

Yoco Raises Series A Round from Quona and Velocity (Sub-Saharan Africa)

South Africa-based payment solutions provider Yoco has raised a Series A round from financial services-focused investors Quona Capital and Velocity Capital Private Equity. Yoco plans to use the new capital to grow its product offering and South African footprint, as well as penetrate new markets in East Africa and West Africa next year. Financial details of the transaction were not disclosed.