Katlego Maphai is the co-founder and CEO at Yoco. He drives the company’s expansion, customer experience and organisational design elements as the venture looks to increase card acceptance amongst South African SMEs.
While having lunch in San Francisco at a small eatery that he assumed would not be able to process a card payment, a mobile card reader was presented to him. This encounter planted the seed that led to Yoco’s start. Yoco launched out of beta in October 2015 and the venture has since acquired over 7 500 merchants, processing a billion rand in annualised transactions.
Maphai’s previous work involved venture development at Rocket Internet, setting up Jumia.com in Nigeria, where he met Yoco co-founder Bradley Wattrus. The majority of Katlego’s career was in telecoms, media and technology management consulting at Accenture and Delta Partners. Katlego met Yoco co-founder, Carl Wazen at Delta Partners. Maphai studied Business Science Information Systems at the University of Cape Town; where he met Yoco co-founder Lungisa Matshoba.