, the company saw explosive growth and was acquired by top African payment service provider DPO Group in July 2019.Both payment platforms support various online payment methods — including debit and credit cards, Instant EFTs, Masterpass, and Zapper.
These devices are popular options for small businesses, such as those that sell their goods and services at festivals or events.Yoco said it would use the capital injection to accelerate product development and reach 1 million merchants in South Africa and other countries by 2025.Another successful South African payment startup,Callpay specialises in call centre-assisted payment services, with products like Callpay Assist and Callpay Request.
Callpay also offers the mPOS app, letting merchants take card payments using a mobile device and the Android or iOS mPOS app.In November 2021, Instant EFT specialist OzowTencent led the investment round and included Endeavour Catalyst and Endeavour Harvest Fund. Ozow automates the EFT process on online stores, point-of-sale, e-billing, and peer-to-peer methods, making it easier for people with basic bank accounts to transact.In January 2022, cloud-based point of sale solutions startup TallOrder raised R47 million in additional Series A funding.