Yoco Secures $100M Credit Facility for Embedded Merchant Financing
Yoco secured a $100 million credit facility from Victory Park Capital (VPC) on Nov 09, 2026, to expand merchant cash advances through its Yoco Capital product. VPC is a global investment firm specializing in private credit and asset-backed finance. The facility gives Yoco direct control over merchant funding at scale for the first time, having previously partnered with third-party SME credit providers since 2018.
Through Yoco Capital, merchants are pre-approved based on live sales data across in-person and online payments, with no application or collateral required. Advances range from R2,000 to R1.5 million and are repaid through small deductions from daily takings. Yoco has distributed more than R6.5 billion in working capital to over 40,000 independent businesses since 2018.
South Africa's small business financing gap sits at about R350 billion, with small businesses receiving just 13% of national bank lending.
- Payments platforms adding embedded lending demonstrates the convergence of payment processing and merchant finance
- Debt-funded embedded finance models allow fintechs to scale lending without equity dilution
- OfficialYoco — Press Release
- NewsFundz — Nov 2026