According to published reports, Yoyo announced it has raised $1.2 million in a seed round. Imperial Innovations Group, the technology investment group from Imperial College, put in an initial investment of $390,000.

Investors include Mathias Entenmann (former Head of Paypal International and ex CEO of Payback), the founders of early stage investment vehicle Firestartr (Chipper Boulas, Alain Falys, Anil Hansjee, Richard Muirhead), and former executives from Barclaycard, Worldpay, Visa, First Data and Western Union.