South African Fintech Yoco Secures USD 100 M Credit Facility From Victory Park Capital

Yoco secures $100 million credit to fuel its merchant lending expansion

Yoco has secured a $100 million credit facility from Victory Park Capital to expand its merchant financing operation, using payments data to assess small businesses and gain greater control over credit risk.

TPG-backed Yoco secures $100m private credit facility from Victory…

South African fintech company Yoco Technologies, backed by private equity firm TPG, has secured a $100m private credit facility from Victory Park Capital Advisors to expand financing for small businesses, according to a report by Bloomberg.The transaction marks Yoco's first direct borrowing arrangement and will reportedly allow the company to provide working capital and cash advances to merchants using its payments platform. Financing will range…

South African Fintech Yoco Secures USD 100 M Credit Facility From Victory Park Capital

South African fintech Yoco has secured a USD 100 M credit facility from Victory Park Capital to expand merchant financing and cash advances.