Payments company Yoco raises US$83m Series C funding round to accelerate growth

SOUTH AFRICA – Payments and software startup Yoco has secured US$83 million in Series C funding to accelerate the development of its platform and expand internationally as demand grows among small businesses for its digital payments tools. Yoco builds tools and services to help small businesses accept card payments in-store and online, access loans, and manage their day to day activities and in less than six years, the startup has become the preferred payments partner for over 150,000 small businesses across South Africa, processing more than US$1 billion in card payments…

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Fintech startup Chipper Cash raises US$100m Series C funding to create new products

AFRICA – Chipper Cash, an African fintech startup, has achieved unicorn status after raising US$100 million in a C-Series funding round to create new products and to hire new employees. The round was headed by the investment division of the American Silicon Valley Bank — SVB Capital. Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital and Brue2 Ventures also took part in financing the startup. Founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, (two college students brought together by their academic adventures at Grinnell…

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