Yoco acquires restaurant software start-up Dyner

Payments company Yoco has acquired local software start-up Dyner for an undisclosed amount, in what appears to be the company’s first publicly announced acquisition Former Discovery actuaries Thalentha Ngobeni and Christopher du Plessis founded Dyner. The company develops software that helps restaurants and other small businesses manage stock, place supplier orders, track costs and oversee day to day operations.

The acquisition expands Yoco’s offering beyond payments. The company built its business on card machines and payment processing but has steadily added tools such as point-of-sale systems as it seeks to play a bigger role in how small businesses operate. The two businesses already share some customers. Several Dyner clients, including Plato Coffee, use Yoco’s payment solutions.

Integration plans

Yoco said Dyner will continue operating as a standalone business for now. Over time, Yoco plans to bring sales, support and operational functions into the broader business. Neither company disclosed the financial terms of the deal. Yoco also provided no details about Dyner’s revenue, customer base or employee numbers.

Yoco says it serves more than 200,000 merchants and has raised over $170 million from investors, including Dragoneer, Partech and TPG. The acquisition highlights Yoco’s push beyond payments and into the operational side of running a business. Dyner’s software helps businesses manage inventory, purchasing and cost control areas where many smaller operators still rely on manual processes or spreadsheets.

Details remain undisclosed

Without financial details, the size of the acquisition remains difficult to gauge. The deal nevertheless shows how Yoco is expanding its focus from processing transactions to providing tools that help businesses run their daily operations.