South African fintech firm Yoco has secured $16m funding for its card reader and app that enables users to turn their smartphones into payment terminals. The company is working with the likes of Samsung Electronics Co Ltd, Visa Inc (V.N) and Mastercard International Inc. (MA.N), which together account for about a quarter of all mobile payments in
South African fintech firm Yoco has secured $16m funding for its card reader and app that enables users to turn their smartphones into payment terminals. The start-up said it plans to use the finance to extend its network of small business customers, fuel product development and invest in fresh talent.