INSIDE YOUR BUSINESS: YOCO Capital disburses R1 billion in financing.
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Adam Duxbury, Chief of Staff for Yoco talks about Yoco recently celebrated R1.3 billion in financing disbursed to over 12 000 customers to pay staff salaries, ease cash flow, buy stock, upskill themselves and staff, and expand their businesses.
With the nationwide issue of load shedding, merchants can apply for Yoco Capital for the advancement of their businesses such as investing in a generator to avoid disruptions during these tough times.
Known for its tools and services that enable small businesses to accept card payments, Yoco continues to break down barriers via its alternative to traditional business financing, Yoco Capital.
Financing for small businesses reimagined
A fast, flexible cash advance offered to qualifying Yoco merchants, Yoco Capital is structured in a way that makes securing business funding accessible and affordable.
Though the SME market – which comprises millions of small- and medium-size businesses across the country – forms a crucial part of the South African economy at large, this sector is still fraught with barriers that impede success and growth. Difficulty accessing funding, poor infrastructure, and a lack of training are some challenges small businesses face.
These, added to the effects of Covid lockdowns, soaring inflation rates, and fuel costs, means that access to business funding is needed more than ever. However, strict terms and conditions and the red tape associated with traditional business financing mean that obtaining much-needed capital is untenable for many small and medium businesses.
“Yoco Capital is a vital alternative to traditional business funding – something that is typically out of reach for many of our merchants. By democratising small business financing, we empower small business owners and further their chances of not only succeeding but thriving.
With the nationwide issue of load shedding, merchants can apply for Yoco Capital for the advancement of their businesses such as investing in a generator to avoid disruptions during these tough times.
Known for its tools and services that enable small businesses to accept card payments, Yoco continues to break down barriers via its alternative to traditional business financing, Yoco Capital.
Financing for small businesses reimagined
A fast, flexible cash advance offered to qualifying Yoco merchants, Yoco Capital is structured in a way that makes securing business funding accessible and affordable.
Though the SME market – which comprises millions of small- and medium-size businesses across the country – forms a crucial part of the South African economy at large, this sector is still fraught with barriers that impede success and growth. Difficulty accessing funding, poor infrastructure, and a lack of training are some challenges small businesses face.
These, added to the effects of Covid lockdowns, soaring inflation rates, and fuel costs, means that access to business funding is needed more than ever. However, strict terms and conditions and the red tape associated with traditional business financing mean that obtaining much-needed capital is untenable for many small and medium businesses.
“Yoco Capital is a vital alternative to traditional business funding – something that is typically out of reach for many of our merchants. By democratising small business financing, we empower small business owners and further their chances of not only succeeding but thriving.
