South African fintech Yoco secures $100m financing facility

Cape Town based financial technology company Yoco has secured a $100m credit facility from Victory Park Capital. The funding will support the expansion of Yoco Capital, its embedded finance platform serving more than 200,000 merchants. The business aims to extend access to finance for small and medium sized businesses. HPC could identify financial institutions, lending partners, payment technology providers, institutional investors and merchant networks that could support its expansion across Africa and other international markets.

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