Orange: invests in a fintech in Africa
(CercleFinance.com) - Orange Digital Ventures Africa, the Orange Group's venture capital fund for Africa, has made its second investment in one of the most promising Fintechs, a South African company called Yoco.
Yoco is the leading mobile point of sale (mPOS) company in South Africa, which enables merchants to accept credit card payments using a smartphone or tablet and manage their daily activities using POS software.
Since the launch in 2015, 27,000 Small and Medium Enterprises (of which 3/4 had never previously accepted card payments) work with Yoco.
The CEO of Orange Digital Ventures, Marc Rennard, stated: “Payment digitalisation for merchants is a major challenge in Africa where financial inclusion is developing more than ever thanks to innovative solutions.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Yoco is the leading mobile point of sale (mPOS) company in South Africa, which enables merchants to accept credit card payments using a smartphone or tablet and manage their daily activities using POS software.
Since the launch in 2015, 27,000 Small and Medium Enterprises (of which 3/4 had never previously accepted card payments) work with Yoco.
The CEO of Orange Digital Ventures, Marc Rennard, stated: “Payment digitalisation for merchants is a major challenge in Africa where financial inclusion is developing more than ever thanks to innovative solutions.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.