Yoco has secured a US$100 million credit facility to expand working-capital funding for South African merchants. For a business owner considering an advance, the important questions are what it costs and how repayments affect daily cash flow.

Announced on 9 November 2026, the Victory Park Capital facility will support Yoco Capital. It is financing for merchant advances, rather than an announcement that every Yoco customer will receive funding.

Yoco says advances range from R2,000 to R1.5 million. The company has facilitated more than R6.5 billion for over 40,000 merchants since 2018.

What does an advance cost?

Yoco’s help centre describes a once-off cost-of-capital fee plus a R100 administration fee. Both are added to the amount repayable. Repayments come from an agreed percentage of daily sales.

That makes the offer’s total repayment amount important. Before accepting, compare the cash received with the full amount owed and consider how daily deductions will affect stock purchases, wages and other commitments.

Who may qualify?

Yoco lists three minimum requirements: six months using its platform, at least 10 transactions in the preceding 90 days, and at least R4,000 in monthly card payments for three consecutive months.

Meeting those thresholds does not guarantee an offer. Risk assessments and final verification still apply, including checks that can prevent a pre-approved offer from being paid out.

Owners can check the Money section of the Yoco app for an offer.

How quickly is funding paid?

There is a difference between the announcement and Yoco’s published guidance. The announcement describes instant payment, while its help centre says funds arrive within one to two business days after final approval. Businesses should confirm the timing of their particular offer before committing to a purchase.

The larger facility could expand access to working capital. Whether an individual advance makes commercial sense depends on its price, the business’s margins and the cash left after repayments.

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