About Interswitch
Interswitch is a Financial Services company based in Lagos (Nigeria) founded in 2002, and was acquired by Helios in December 2010. Payment solutions are provided for consumers and businesses across sectors. It operates on a FinTech, SaaS (Software-as-a-Service), and Two-Sided Marketplace model. Interswitch has raised $310 million across 4 funding rounds from investors including Visa, LeapFrog Investments and Helios Investment Partners. The company has 1,882 employees. Interswitch has completed 4 acquisitions, including ECLAT, Pesapoint and VANSO International. Interswitch was last valued at $1 billion in November 2019. Its website interswitchgroup.com draws about 77 thousand monthly visits. Interswitch offers products and services including Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health. Its focus areas include Technology, Financial Technology and Payment Solutions. Its legal entity is Interswitch Group.
Company details
Interswitch is recognized as an Africa-oriented technology-driven company focused on digital payments and commerce solutions. Services are offered across various sectors including healthcare, energy, transport, and financial inclusion. Payment ecosystems are created to help commerce evolve, supporting business growth and individual prosperity. Solutions such as Quickteller for bill payments, Verve Cards for accessible transactions, and industry-specific platforms are developed to enable seamless digital payments. Operations span multiple African countries with a commitment to enterprise-grade security and global standards.
Products & Services of Interswitch
Interswitch offers a comprehensive portfolio of products and services, including Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health.
Digital payments are facilitated for bills and lifestyle.
Payment cards are issued for accessible transactions continent-wide.
Online payments are enabled for businesses and SMEs.
Healthcare payment solutions are provided for sustainable growth.
Apps and channels of Interswitch
its YouTube channel Interswitch has 2.39K subscribers and 30 videos.
Videos from Interswitch
The most watched videos on Interswitch's YouTube channel, Interswitch (2.39K subscribers). Click a video to play it here.
More on Interswitch.
Funding Insights of Interswitch
Interswitch has successfully raised a total of $310M across 4 strategic funding rounds. The most recent funding activity was a Series E round of $110 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $310M
- Total Rounds 4
- Last Round Series E — $110M
- Investors Count 6
All 4 funding rounds of Interswitch with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $110M | Series E | – | LeapFrog Investments, Tana Africa Capital | – |
| Nov 2019 | $200M | Series D | $1B | Visa | – |
| Oct 2019 | $63.27M | Debt – Conventional | – | – | – |
| Mar 2017 | Private Equity Round | – | TA | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2019 | $1B | •••••••• |
Last known valuation $1B (Nov 2019). 6 investors in total: 6 institutional.
Investors in Interswitch
Interswitch has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, LeapFrog Investments and Helios Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on banking, finance, healthcare, and multiple sectors | 2007 | leapfroginvest.com | Johannesburg, South Africa | |
| tana-africa.com | ||||
Multiple sectors are invested in by private equity firm TA. | ta.com | Boston, United States | ||
Private equity investments are managed across multiple sectors by Helios. | 2004 | heliosinvestment.com | London, United Kingdom | |
A Mauritius-based private equity fund manager focused on technology-driven investments in Africa. | 2008 | adlevocapital.com | Port Louis, Mauritius | |
Digital payment solutions are offered to individuals and businesses. | 1958 | visa.com | San Francisco, United States |
Investor details for Interswitch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Interswitch
467 people are tracked at Interswitch (111 in leadership, 356 in team); the tracked headcount is 1,882.
| Name | Role | Group |
|---|---|---|
Agnes Nwani | Head. Retention Management | Leadership |
Franklin Ali | Group Chief Human Resources Officer | Leadership |
Tochukwu Okezie | Chief Legal Officer | Leadership |
Eloho Ogude - Edebiri | Head Operations Service Delivery | Leadership |
Mitchell Elegbe | Group Managing Director & CEO | Leadership |
Oremeyi Akah | Chief Customer Experience Officer | Leadership |
Udom Ebenezer | Head Revenue And Receivables | Leadership |
Oluwaseun Ogunkoya | HR Business Partner | Leadership |
Ikeneku Mimi | Head HR Shared Services & Culture | Leadership |
Chinomso Nwachukwu | Chief Financial Officer, Nigeria | Leadership |
Yetunde Omodara | Business Support Partner | Leadership |
Daniel Osituga | Head, Infrastructure Security | Leadership |
Tyoyila Aga | Vice President Financial Services | Leadership |
Balogun Abraham | Head, Non- Card Switching | Leadership |
Oluwamuyiwa Olaleye | Head Implementation Engineer Rest Of Africa | Leadership |
Tobiloba Odofin | Head, Business Value Realization (third-party Processing & Switching) | Leadership |
Prosci Chioma Ejewuke Lssbb, Itil, Iso Lead Implementer | Group Head, Service & Project Management | Leadership |
Acipm Oluwabusayo Orenuga Phri™ | Human Resource Business Partner | Leadership |
John Mornu | Human Resources Business Partner (hrbp Lead) | Leadership |
April Anazodo | Head - Group Company Secretariat | Leadership |
447 more people are available in the full profile.
Complete people profiles for Interswitch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Interswitch
Interswitch has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ECLAT, Pesapoint and VANSO International.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Medical billing, coding, and revenue cycle management services are provided. | eclathealth.com | Hyderabad, India | 1991 | Nov 2019 | •••• | |
EHR solutions are provided for healthcare providers in Nigeria. | eclathealthcare.com | Nigeria | 2012 | Nov 2019 | •••• | |
Omnichannel banking and payments solutions are delivered across Africa. | vanso.com | Lagos, Nigeria | 2005 | Feb 2016 | $74.67M | |
ATM, PoS hardware, and corporate prepaid card services are provided. | pesapoint.com | Nairobi, Kenya | 2005 | Sep 2014 | •••• |
Complete acquisition details for Interswitch
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Timeline of Interswitch
9 dated milestones of Interswitch across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Interswitch is founded.
- Exit Acquired by Helios.
- Acquisition Acquires Pesapoint.
- Acquisition Acquires VANSO International.
- Funding First funding round.
- Acquisition Acquires eClat Healthcare.
- Acquisition Acquires ECLAT.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series E, of $110.0M.
Web traffic of Interswitch
The website of Interswitch (interswitchgroup.com) receives about 77.1K visits a month.
- Monthly visits77.1K
▼ 31.8% vs previous month
Websites whose visitors overlap most with Interswitch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| betterthancash.org | 100% | 7.2K | #2,923,062 | View details | |
| aciworldwide.com | 81% | 134.5K | #343,358 | View details | |
| versapay.com | 79% | 437.3K | #77,637 | View details | |
| nexigroup.com | 75% | 12.9M | #4,161 | View details | |
fintechmagazine.com | fintechmagazine.com | 73% | #149,934 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Interswitch
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Related news about Interswitch
Complete news archive for Interswitch
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Frequently Asked Questions about Interswitch
Interswitch was founded in 2002 and raised its 1st funding round 15 years after it was founded.
Interswitch is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Interswitch is a funded company, having raised a total of $310M across 4 funding rounds to date.
Interswitch has 1,882 employees.
Interswitch is recognized as an Africa-oriented technology-driven company focused on digital payments and commerce solutions. Services are offered across various sectors including healthcare, energy, transport, and financial inclusion. Payment ecosystems are created to help commerce evolve, supporting business growth and individual prosperity. Solutions such as Quickteller for bill payments, Verve Cards for accessible transactions, and industry-specific platforms are developed to enable seamless digital payments. Operations span multiple African countries with a commitment to enterprise-grade security and global standards.
Interswitch offers Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health.
Interswitch has made 4 acquisitions, including ECLAT, Pesapoint, and VANSO International.
Interswitch has 6 investors. Key investors include Visa, LeapFrog Investments, Helios Investment Partners, Tana Africa Capital, and TA Associates.
The valuation of Interswitch is $1B as of Nov 2019.
Interswitch operates through Interswitch Group.
Yes. Interswitch was acquired by Helios in December 2010.