Project detail - YOCO HOLDINGS..


Status: Approved investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at


The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Operating company Yoco Technologies Pty. Ltd. is a mobile-point-of-sale (mPOS) company targeting South African (M)SMEs established in 2013. The company works with acquiring banks to enable small businesses to accept digital payments via cards and electronic payment platforms. Yoco sells the mPOS devices to merchants and then earns revenue in the form of transaction fees thereafter. Yoco also offers clients an electronic portal to manage inventory & transactions and a lending product for its clients thus enabling access to working capital loans.

What is our funding objective?

Yoco is seeking to fill the “acceptance gap” in South Africa, pushing the country towards a more digital and thereby inclusive economy in the process. The acceptance gap is unique in sub Saharan Africa and relates to the fact that a large number of consumers have a credit/debit card or mobile wallets, but not many merchants accept them yet. Yoco is a catalyst for the new digital economy which brings in efficiency, safety and transparency in daily commerce.

Why do we fund this investment?

Yoco’s fintech product designed for (M)SME clients fits FMO’s strategy of catalysing economic growth and bridging the digital divide. SME’s are the growth engine of the South African economy, contributing to 45% of the GDP growth and by providing them with technological solutions that help them get additional business, increase operational efficiency and access to capital, Yoco is helping foster innovation and entrepreneurship.

What is the Environmental and Social categorization rationale?

Yoco is a category C client. In terms of E&S; the company is not active in high risk sectors, it does not do project finance and the average exposure per client is below US$ 25,000. Yoco is not regulated in South Africa. However, its internal policies and risk management framework are well developed.

More investments

Date Total FMO financing
9/6/2018 USD 2.50 MLN
South Africa
Financial Institutions
Effective date
Total FMO financing
USD 0.50 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)