When Carl Wazen, Katlego Maphai, Lungisa Matshoba and Bradley Wattrus decided to start Yoco together around 2013, they did not have a polished business plan or a grand vision for building a payments company. They only had a problem they could not ignore.
“We were all at this stage of our lives where we wanted to do something that had more meaning,” Wazen, Yoco’s chief business officer and co-founder, recalled.
Wazen and Maphai met while working at the telecommunications consulting firm Delta Partners. Maphai and Matshoba had known each other since childhood and university, while Wattrus had worked with Maphai at Rocket Internet, a global venture-building company, in Nigeria.
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Yoco started with card machines. Survival made it grow.
Source: TechCabal
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