Yoco provides an integrated point‑of‑sale solution for small and medium businesses, combining hardware (countertop and handheld devices, iPhone tap‑to‑pay) with cloud‑based software that handles sales, payments, inventory, staff management and real‑time reporting. Merchants can accept in‑person card payments, online payments via links and gateway integrations, and receive daily automatic payouts, all with a low per‑device connectivity fee and transaction‑based pricing.
Funding
$70M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TFounders
Product
Problem
Small businesses often struggle with fragmented payment and sales tools, leading to manual reconciliation, high admin time, and difficulty tracking real‑time performance. Limited access to affordable, integrated hardware and software makes it hard to accept diverse payment methods and manage inventory efficiently.
Solution
Yoco offers an integrated suite of point‑of‑sale hardware, contactless payment options, and cloud‑based software that combines sales, payments, inventory, and reporting in a single account. Merchants can choose from countertop or handheld POS devices, use Tap‑to‑Pay on an iPhone, or accept online payments via payment links and gateway integrations. The free POS software provides real‑time analytics, staff management, and daily payouts, eliminating the need for separate systems and reducing administrative overhead. Flexible pricing includes a low per‑device connectivity fee and transaction‑based fees, with no monthly software licences, allowing businesses to scale cost‑effectively.
Target Audience
Yoco targets small to medium retail, food‑and‑beverage, health‑and‑beauty, and service businesses in South Africa that need a unified, low‑cost solution for in‑person and online sales.
Features
- All‑in‑one POS hardware (Yoco Counter, Khumo 2, Khumo Print) with built‑in card reader supporting tap, chip & PIN
- Tap to Pay on iPhone enables contactless payments without additional devices
- Free POS software with unlimited users, product catalogues, modifiers, and real‑time sales dashboards
- Integrated online payment gateway supporting Apple Pay, Google Pay, and major card schemes, plus shareable payment links and digital invoices
- Daily automatic payouts (including weekends) and instant cash‑out options
- Staff profiles with permissions, inventory tracking, and automated reporting for sales and tips
- 7‑day local support, no lock‑in contracts, and optional accessories such as barcode scanners and receipt printers