African Tech Round-Up

Katlego Maphai is the co-founder and CEO of the South African mobile payments startup, Yoco.   Yoco launched out of beta in October 2015 and the venture has since acquired over 6 500 merchants, has gone on to process approximately $76,7 million (R1 billion rand) in annualised transactions. The company has recently announced the conclusion of a Series-A funding round (sum undisclosed) led by two foreign, fintech-focused institutional investors-- US-based Quona Capital (manager of Accion Frontier Inclusion Fund) and the Netherlands-based, Velocity Capital.