Podcasts Technology African Tech Roundup Katlego Maphai of Yoco on innovating within South Africa's mobile payments scene

Katlego Maphai of Yoco on innovating within South Africa's mobile payments scene

Published: March 2, 2017, 4:51 a.m.

b'Katlego Maphai is the co-founder and CEO of the South African mobile payments startup, Yoco. \\n\\xa0\\nYoco launched out of beta in October 2015 and the venture has since acquired over 6 500 merchants, has gone on to process approximately $76,7 million (R1 billion rand) in annualised transactions.\\n\\nThe company has recently announced the conclusion of a Series-A funding round (sum undisclosed) led by two foreign, fintech-focused institutional investors-- US-based Quona Capital (manager of Accion Frontier Inclusion Fund) and the Netherlands-based, Velocity Capital.'