Yoco, supplier of card machines, online payments and invoicing for growing businesses, also offers small businesses financing in the form of fast, flexible cash advances. Thus far it has provided a total of R2bn to over 50,000 merchants, under the support, as it were, of its Yoco Capital division. As it continues to evolve, Yoco Capital is looking for avenues to empower and inspire business owners to foster growth, offering payments, funding, and business management under one roof. Typically, Yoco merchants use capital to buy stock and equipment, and open new locations and in doing so, expand their businesses. “A healthy cash flow starts with clear visibility of your money. By bridging payments and funding, business owners are better able to predict the flow of their money and make better decisions for their business. Merchants have greater control over where their money goes and how they choose to use it,” says capital lead Adam Duxbury.
Comment: As anyone who has attempted to start a business will tell you, capital is hard to come by. A good solution for many enterprises which might not otherwise have access to finance.