5. Katlego Maphai, Carl Wazen, Bradley Wattrus and Lungisa Matshoba
Vital Stats:
- Business: Yoco
- Industry: Fintech
- Business est: 2013
- Website: Yoco.co.za
Yoco was founded by four friends, who after many discussions, meetings and ideas, realised they shared a passion for smart technology and a need to help small businesses. The app launched in 2015 and today, 1,500 new businesses are signing up with Yoco every month.
“We’ve been developing our new point-of-sale for over 18 months. “Currently, we have 25,000 merchants processing over R3 billion in card transactions per year through Yoco’s card readers. And over 10,000 of these merchants manage their businesses through our Point of Sale software. Growing from just 500 merchants when we first came out of beta in late 2015,” says Lungisa Matshoba.
“We have made accepting payments easy for SMEs – our next natural step was to focus on making running a business easier. Our ultimate goal is to allow entrepreneurs to focus their attention on growth and customer engagement, and not the day-to-day tasks which can be streamlined through technology and data,” says Katlego Maphai.