Small businesses all over the world are feeling the pinch from the COVID-19 pandemic with many feared to go bust. The latest research from fintech group Yoco shows that small business revenues in South Africa have plunged over 84 per cent as the virus grinded economic activity to a halt. Joining CNBC Africa for the latest numbers on the status of SMMEs is Bradley Wattrus, Co-Founder and CFO of Yoco.
Yoco, the South African mobile points of sale fintech disruptor, has reached a milestone of 50 000 nationwide merchants since its launch in 2015. It also raised R242 million, earlier this month in what is one of the biggest venture capital deals to hit South Africa this year. Lungisa Matshoba, CTO and Founder of Yoco joins CNBC Africa for more.
If you're wondering who is creating the tech to make card payments easier for you, one of South Africa’s largest and fastest growing fintech company is Yoco. Co-founder and CEO, Katlego Maphai, joins CNBC Africa for more.