en.Wedoany.com Reported - South African fintech company Yoco has announced the launch of artificial intelligence assistant Yoco AI, aimed at reducing administrative workloads for small and medium-sized enterprises (SMEs) and enhancing decision support. The new product was previewed at Yoco's annual event "Unfair Advantage" and is positioned as the next step in the company's transformation from a payment provider to a broader business management platform for SMEs. Yoco AI is scheduled to officially launch in the third quarter of 2026.
The development of Yoco AI has been accelerated by the recent acquisition of AI-native operating system Dyner.ai, which has provided the company with deeper machine learning capabilities and an infrastructure designed for real-time processing and interpretation of business data. In an interview on the sidelines of the event, Yoco's Design Director Dean Braude revealed that the company, which currently serves over 200,000 merchants nationwide, is focusing on building products that help business owners reduce administrative time. He explained that traditional software requires users to navigate dashboards, reports, and transactions, whereas Yoco AI is designed to proactively analyze business data and automatically offer recommendations. Braude noted that the AI assistant will initially be integrated into the Yoco app, with access to data generated through the Yoco ecosystem—including payments, sales activities, products, and merchant financing—to identify trends, detect anomalies, and provide business insights. He also stated that the AI system can identify unusual activity, flag missing product information, and assist with catalog management.
Yoco provides card payment solutions and point-of-sale systems for SMEs, enabling merchants to accept card and digital payments through Yoco card machines and mobile apps. The company also offers tools such as sales tracking, business insights, and merchant financing. Braude said Yoco's growth strategy focuses on creating a connected ecosystem of tools that integrates payments, point-of-sale functionality, and business management tools into a single platform. In the local SME payment and point-of-sale vertical, Yoco currently holds a 34% to 36% market share in the Western Cape, approximately 9% nationwide, and around 19% in its focus areas of food and beverage, retail, and health and beauty.
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