Katlego Maphai

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Katlego Maphai
Katlego Maphai.jpeg
Katlego Maphai. Image retrieved from Disrupt Africa, May 25, 2021.
Alma materUniversity of Cape Town
OccupationEntrepreneur
Known forBeing the Co-founder & CEO of Yoco
WebsiteLinkedIn

Editor: Charissa Cassels

Katlego Maphai is the co-founder and CEO of the South African payments company, Yoco. Yoco was launched with the idea that all businesses should be able to accept card payments irrespective of size and maturity. The company launched at the end of 2015.[1]

He drives business strategy and strategic execution at Yoco and believes that Yoco solves an access problem.[2]

Small businesses that are fundamental to sustainable economic growth are generally underserved due to their size. Yoco is built on the premise that running a business is already hard enough and that accepting money should not make it harder. Yoco transforms the process of applying for a card machine into a simple consumer-like product purchase, that can occur online or in the store in minutes.[3]

Maphai is an entrepreneur.[4] His passion for entrepreneurship was ignited when he travelled to Palo Alto Networks, a global cybersecurity company[5] in California. Palo Alto is said to be the home of Silicon Valley.[6]

As Maphai worked with dynamic companies in high-growth areas in Africa and the Middle East, he was inspired by their ability to do extraordinary things.[7]

Education

He received his degree in business science from the University of Cape Town[8] in 2005.

Maphai describes his greatest learning experience at UCT to be when he worked in a group and was tasked to build an end-to-end software solution for an external business, as part of their Group Systems Development Project in his third and fourth year.[9]

Career

He was an intern at PricewaterhouseCoopers(PwC) from 2003 to 2005, where he provided support on large ICT and business process engagements. PwC is a network of firms that are committed to delivering quality in assurance, advisory and tax services.[10]

He then commenced his work at Accenture in the communications and hi-tech industry. He was first exposed to mobile technology such as mobile money and mobile banking here.[11] He was a consultant at Accenture from 2006 to 2008 in Johannesburg, South Africa. Accenture is a multinational company that provides consulting and processing services.[12]

Maphai was a consultant at Delta Partners Group from September 2008 to April 2012,[13] and was a consultant for the company in Johannesburg and Dubai.[14] He was also involved in the roll-out of 3G in Zimbabwe and the launch of the operator in West Africa. Delta Partners Group is an advisory firm that specialises in telecoms, media and tech.[15]

He worked for Rocket Internet from May 2012 to November 2012 in Cape Town, South Africa.[16] Rocket Internet incubates and invests in technology companies globally.[17] His portfolio at Rocket Internet was working under the Global Venture Development department.[18] While working for the company, he was sent to Nigeria to work on Jumia, an online retailer.[19]

He took a trip to the United States in 2012 and was inspired by the fact that he could pay for his meal with a credit card and not just cash. The waitron took out an Android phone, plugged in a Square, and the meals were paid for. This made him believe that South Africa needed something similar and he created Yoco later that year.[20]

Maphai has been the Co-Founder and CEO of Yoco since November 2012 in Cape Town.[21]

He focuses on Operations at Yoco including nurturing their unique operating model, customer experience, talent management, supply chain and logistics. As the Managing Director of the company, he is the custodian of the firm’s strategy and operating activities and is the company’s board’s Executive Chairman.[22]

Awards and Achievements

Startup Grind hosted Maphai on 06 February, 2017 to talk about his entrepreneurial journey.[23] This took place at the second Startup Grind event in Cape Town.[24]

The Business Intelligence organisation, BigFive Digital, invited Maphai to be a speaker at their BigFive Summit event that took place from 13 - 15 May, 2019 at the V&A Waterfront in Cape Town. The summit is aimed at media, telecom, financial and tech companies that are bringing digital products to market for small businesses.[25]

References

  1. 10,000 SMEs now accept card payments with SA’s Yoco - Disrupt Africa. Retrieved 19 May, 2021.
  2. “Customer centric” approach key to growth of SA’s Yoco - Disrupt Africa. Retrieved 20 May, 2021.
  3. SA fintech startup Yoco secures $16m Series B funding - Disrupt Africa. Retrieved 20 May, 2021.
  4. Startup Grind hosts Yoco’s Katlego Maphai - Venture Burn. Retrieved 20 May, 2021.
  5. About Us - Palo Alto Networks. Retrieved 24 May, 2021.
  6. UCT alumnus powers ahead as one of South Africa's leading young entrepreneurs - UCT News. Retrieved 21 May, 2021.
  7. Swiping for success - News24. Retrieved 20 May, 2021.
  8. Swiping for success - News24. Retrieved 20 May, 2021.
  9. UCT alumnus powers ahead as one of South Africa's leading young entrepreneurs - UCT News. Retrieved 21 May, 2021.
  10. About us - pwc. Retrieved 24 May, 2021.
  11. UCT alumnus powers ahead as one of South Africa's leading young entrepreneurs - UCT News. Retrieved 21 May, 2021.
  12. Accenture - Wikipedia. Retrieved 24 May, 2021.
  13. Katlego Maphai - LinkedIn. Retrieved 21 May, 2021.
  14. Katlego Maphai - Graduate Gallery. Retrieved 21 May, 2021.
  15. About Delta Partners - Delta Partners. Retrieved 24 May, 2021.
  16. Katlego Maphai - LinkedIn. Retrieved 21 May, 2021.
  17. Rocket Internet - Rocket Internet. Retrieved 24 May, 2021.
  18. Katlego Maphai - Graduate Gallery. Retrieved 21 May, 2021.
  19. Startup Grind: 12 things we learnt from Yoco’s Katlego Maphai - Venture Burn. Retrieved 20 May, 2021.
  20. Swiping for success - News24. Retrieved 20 May, 2021.
  21. Katlego Maphai - LinkedIn. Retrieved 21 May, 2021.
  22. Katlego Maphai - Graduate Gallery. Retrieved 21 May, 2021.
  23. Startup Grind hosts Yoco’s Katlego Maphai - Venture Burn. Retrieved 20 May, 2021.
  24. Startup Grind: 12 things we learnt from Yoco’s Katlego Maphai - Venture Burn. Retrieved 20 May, 2021.
  25. Yoco’s Katlego Maphai tops speaker line-up for BigFive Summit - Venture Burn. Retrieved 21 May, 2021.