Payment technology provider Yoco has secured funding in a series B round led by Partech Ventures with backing from Orange Digital Ventures.
South Africa-based payment technology developer Yoco has received $16m in series B funding from a consortium including Orange Digital Ventures, the corporate venturing unit for telecommunications firm Orange.
The round was led by venture capital firm Partech Ventures and included Dutch development bank FMO, Accion Frontier Inclusion Fund, which is managed by Quona Capital, and Velocity Capital.
Yoco has developed a point-of-sale payments system that connects to a tablet or smartphone to enable small businesses to accept card payments. The…
