YOCO – a Startup from South Africa, which secured US$16 million Series B funding in 2018, provides a financial platform for businesses and is keeping up with great work in the times of COVID-19 by launching a suite of online payment solutions for small businesses struggling with the effects of the pandemic.
The solutions that the Yoco Team has worked hard to offer can help reignite the stagnant cash-flows of the small businesses to keep them afloat by enabling payments through “Payment Pages”, “Gift Vouchers” and “Payment Requests” – each a different way to accept payments from customers, simply and securely, especially in lock-down scenarios.
To further this effort, YOCO’s online marketing department also offers to give these businesses tips on how to grab eyeballs, publish themselves on the App and connect to their customer community by joining the ‘support small business directory’.
According to Katlego Maphai, co-founder and chief executive officer (CEO) of Yoco, “Yoco’s mission has always centered around helping small businesses thrive and supporting them is more important now than ever before. The national lock-down has had a severe impact on our merchants. Through our platform and the results of a recent merchant survey, we have seen up to a 90% decrease in in-person transactions since the lock-down began. We knew that the best way to support our merchants was to develop products that would enable them to do business online and keep money coming in through this period,”.
Yoco has been known for in-person payments so far and growing out into the online-payments space with such thorough and well created solutions especially in these times is a remarkable turn in its trajectory.