Yoco has secured a $100 million credit facility from Victory Park Capital (VPC), a global investment firm that specialises in private credit and asset-backed finance. The facility funds Yoco Capital, the funding built into your Yoco App, so we can offer cash advances to more of the over 200,000 businesses that run on Yoco.

What it means for your business

More Yoco merchants across retail, hospitality and services will be able to get funding when they need it. 

How Yoco Capital works stays the same:

• There's no application to fill in. If you qualify, the offer appears in your Yoco App.

• You're pre-approved on your live sales across in-person and online payments, with no collateral required.

• Accept the offer with one click and the funds land in your account instantly.

• You repay through small deductions from your daily takings, so there's no fixed monthly repayment to plan around.

Advances range from R2,000 to R1.5 million. Merchants use them to hire staff, stock up before busy season, upgrade equipment or open a new branch.

"The offer simply appeared in my Yoco App. I never had to apply or go looking for funding, and that saved me valuable time. I run my business on my own, with no time to leave my clients. It has been a real safety net for me and my team." Aubrey Williams, owner of Karoo Creations

R6.5 billion in cash advances to over 40,000 businesses since 2018

We’ve been partnering with dedicated SME credit providers since 2018, with more than R6.5 billion in working capital distributed to over 40,000 independent businesses.

This facility gives Yoco direct control of that funding for the first time at scale. We'll keep working with funding providers where that suits a product or market. Owning pricing and risk on our own book means what we learn goes straight back into a better offer and experience for you.

"We've spent a decade building an operating system that runs a merchant's whole business, payments, point of sale, and now the decisions in between. Financing was the one layer we didn't fully control. This facility changes that." Carsten Holtkemeyer, CEO of Yoco

Why working capital matters right now

South Africa's small business financing gap sits at about R350 billion, according to the 2025 Finfind and African Bank SA MSME Access to Finance Report. Small businesses receive 13% of bank lending nationally, against 51% for large corporations.

Independent businesses are under pressure in the current economy. Getting working capital to them at scale is one of the clearest ways to help them grow.

Funding based on how your business trades

Every swipe, tap and sale on Yoco builds a live picture of how your business performs, something a bank statement or credit bureau can't show. That's why we can pre-approve offers without paperwork.

The same data lets us build new kinds of funding for specific types of businesses and for different moments in a business's life. The more you trade through Yoco, the sharper that picture gets, and the better your offers become.

"Yoco has a proven track record of supporting the operating needs of small and independent businesses. We're supportive of Yoco's mission to expand access to flexible financing solutions for South African entrepreneurs." Jason Brown, Senior Partner, Victory Park Capital

One place to sell, run and grow

Yoco has been building from a payments platform into an AI-powered operating system for your business. That includes a wave of product updates unveiled at Yoco Next earlier this year and the acquisition of Dyner. Yoco has also cut the fees merchants pay by R250 million a year.

The aim stays the same: help you grow, save time and save money by bringing everything into one place. Yoco Capital is one more way to do that.

Check your Yoco App for an offer

If you qualify for Yoco Capital, your offer will appear in your Yoco App. There's nothing to apply for.

About Victory Park Capital

Victory Park Capital is a global alternative asset manager that specialises in private credit and asset-backed finance. Founded in 2007 and headquartered in Chicago, VPC has invested over $12 billion across about 260 investments worldwide. It became a majority-owned affiliate of Janus Henderson Group in 2024.