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.”



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