Back to today’s briefing

Story perspectives

Yoco's Co-Founders Step Up as Maphai Resigns

9/23/2025

35 4

Summary

Story summary

Katlego Maphai steps down as Yoco CEO after 10 years, moving to a background role.
Co-founders Lungisa Matshoba and Bradley Wattrus become co-CEOs, guiding innovation and governance amid fintech shifts and rival acquisitions.
Yoco is valued at $700 million, serves over 200,000 businesses, processes billions in transactions annually, and raised $83 million in 2021 to expand internationally.

1 of 1

Story summary

Katlego Maphai steps down as Yoco CEO after 10 years, moving to a background role.
Co-founders Lungisa Matshoba and Bradley Wattrus become co-CEOs, guiding innovation and governance amid fintech shifts and rival acquisitions.
Yoco is valued at $700 million, serves over 200,000 businesses, processes billions in transactions annually, and raised $83 million in 2021 to expand internationally.