Yoco has a new boss. On June 1, 2026, the South African payments company put German fintech executive Carsten Höltkemeyer in the CEO chair, according to a blog post on Yoco’s own site, closing a nine month stretch that began in September 2025, when co-founder Katlego Maphai stepped back from the role he’d held since day one.
It’s a bigger deal than it sounds. In eleven years, Yoco has never had an outside CEO every leader at the top has been one of the four people who built the thing. That changes now, at a moment when the company is reportedly worth roughly $700 million, per Techpoint Africa. Yoco has told Launch Base Africa that an IPO isn’t on the table “at this time.”
