Yoco Raises $180M Series D to Expand Across Africa

Yoco has raised $180 million in a Series D funding round led by Dragoneer Investment Group, valuing the South African fintech at $1.4 billion and making it one of the most valuable private companies on the continent.

The company, which provides card payment solutions and business software to SMEs, will use the funding to expand into Nigeria and Kenya by the end of 2026, and to develop lending products for its merchant base.

Yoco has processed over R120 billion in transactions since its founding in 2015 and now serves more than 400,000 active merchants across South Africa.