Credit facility · Fintech
Yoco secures $100 million credit facility for merchant lending
Victory Park Capital will fund cash advances for businesses using Yoco’s payments platform.
Yoco has secured a $100 million credit facility from Victory Park Capital to expand financing for small businesses in South Africa.
The facility will support cash advances for merchants using Yoco’s payments platform. Yoco uses transaction data to assess eligible businesses and collects repayments as a share of daily sales.
The company plans to extend access to finance across its merchant network, helping businesses buy stock, hire staff, upgrade equipment and open new locations.
Use of funds
Expand financing and cash advances for South African merchants
Funding history
Credit facility · This round$100M
Series C$83M