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Yoco CEO Katlego Maphai Steps Down

September 20, 2025
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Katlego Maphai, co-founder and CEO of South African fintech Yoco, has announced he will step down after more than a decade leading the company. He cited the different skills required to scale a business versus starting one.

Leadership will transition to co-founders Lungisa Matshoba and Bradley Wattrus as co-CEOs, while Carl Wazen continues to lead commercial operations. Maphai will remain involved as a founder, focusing on long-term strategic projects.

Since its 2013 launch, Yoco has become a major player in the payments sector, supporting hundreds of thousands of small businesses and processing billions in card payments annually

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