Yoco secures $100 million credit facility for merchant lending

Yoco operates a payments and business-services platform for small and medium-sized businesses in South Africa. The new debt facility expands its ability to offer working-capital products through its merchant network. The transaction represents a major financing move for an African fintech serving entrepreneurs and small businesses. It also strengthens Yoco’s merchant-lending operation without requiring the company to rely solely on equity capital.

• fintech
• merchant lending
• south africa
• credit facility