Yoco, a South African payments company has announced the acquisition of Cape-Town based fintech, Nona Digital. This acquisition will accelerate Yoco’s roadmap by bringing product and tech professionals in the Yoco team.
“We are excited to welcome Nona and its team to Yoco. Nona is an industry leader behind some of the best digital banking and Web3 products both in the region and globally. All of this makes them a great fit for the direction we are taking and the evolution of our products. After working with the team for over a year, we realised that the cultural alignment between the two organisations and a shared passion for creating financial products for millions of self-employed Africans made working together a no brainer.”Lungisa Matshoba, CTO, Yoco
“This acquisition allows us to direct everything that we have built towards a vision and mission that we believe in, and that matters. It is a natural evolution for a strong services business to move into product and we are very excited to now be part of the Yoco story.”Mike Scott, CEO, Nona
“We have been bringing in talent aggressively across South Africa and other markets – employing people remotely across 15 geographies and in our talent hubs in Cape Town, Johannesburg, Amsterdam, Cairo and Dubai.”Lungisa Matshoba, CTO, Yoco