Business · Companies · 3 hrs ago
Yoco secures $100 million credit facility to expand small-business lending
South African fintech Yoco secured a $100 million credit facility from US investment firm Victory Park Capital.
The money will support loans to small businesses using Yoco’s payments platform.
Since 2018, Yoco Capital has advanced more than R6.5 billion to over 40,000 merchants, working with specialist credit providers.
It uses merchants’ payment records to assess their sales, then offers eligible businesses advances that are repaid from daily takings.
The facility gives Yoco more control over loan pricing and risk as it expands the service to more of its 200,000-plus merchants in South Africa.
The expansion matters because small businesses face a financing gap estimated at about R350 billion in South Africa, while Yoco says it has not recorded an unprofitable lending cohort but has not provided detailed performance figures.
Yoco secured a $100 million credit facility from US investment firm Victory Park Capital to expand lending to small businesses.
The South African fintech says the facility will give it greater control over the pricing and risk of loans offered through its payments platform.
Yoco Capital has advanced more than R6.5 billion to over 40,000 merchants since 2018, working with specialist credit providers.
Yoco plans to extend the service to more of its 200,000-plus merchants in South Africa.
- Who
- Yoco, a South African fintech, secured the facility from Victory Park Capital.
- What
- A $100 million credit facility to expand small-business lending and give Yoco greater control over financing offered through its payments platform.
- When
- Announced on Monday, November 9, 2026.
- Where
- South Africa.
- Why
- To expand Yoco Capital’s lending operation and take greater control over loan pricing and risk.
This story does not have two clearly opposing sides.
Yoco began advancing capital to merchants through Yoco Capital.
Yoco announced a $100 million credit facility from Victory Park Capital.
- Facility
- $100 million
- Lender
- Victory Park Capital
- Yoco Capital advances since 2018
- More than R6.5 billion
- Merchants funded since 2018
- More than 40,000
- Yoco merchant network
- More than 200,000 businesses
2 sources
What people are saying
We have 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,
We’re supportive of Yoco’s mission to expand access to flexible financing solutions for South African entrepreneurs,