About Interswitch
Interswitch is a company based in Lagos (Nigeria) founded in 2002 was acquired by Helios in December 2010. It operates as a FinTech, SaaS (Software-as-a-Service), and Two-Sided Marketplace. Interswitch has raised $310 million across 4 funding rounds from investors including Visa, LeapFrog Investments and Helios Investment Partners. Interswitch has completed 4 acquisitions, including ECLAT, Pesapoint and VANSO International. Interswitch offers products and services including Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health.
- Headquarter Lagos, Nigeria
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Interswitch Group
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Products & Services of Interswitch
Interswitch offers a comprehensive portfolio of products and services, including Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Software Development Team
108 people
Sales and Marketing
59 people
Product Management Team
35 people
Data Analysis and Operations Team
23 people
Leadership Team
23 people
Head Team
17 people
Human Resources and Administration
15 people
Operations Team
14 people
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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 Total Funding
- Total Rounds 4
- Last Round Series E — $110.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2022 | Amount | Series E - Interswitch | Valuation | LeapFrog Investments , Tana Africa Capital |
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| Nov, 2019 | Amount | Series D - Interswitch | Valuation | Visa |
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| Oct, 2019 | Amount | Debt – Conventional - Interswitch | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Interswitch
Interswitch has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Visa, LeapFrog Investments and Helios Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on banking, finance, healthcare, and multiple sectors
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Interswitch
Interswitch has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ECLAT, Pesapoint and VANSO International. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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EHR solutions are provided for healthcare providers in Nigeria.
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2012 | ||||
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ATM, PoS hardware, and corporate prepaid card services are provided.
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2005 | ||||
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Omnichannel banking and payments solutions are delivered across Africa.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Interswitch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Interswitch Comparisons
Competitors of Interswitch
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Interswitch
When was Interswitch founded?
Interswitch was founded in 2002 and raised its 1st funding round 15 years after it was founded.
Where is Interswitch located?
Interswitch is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Interswitch a funded company?
Interswitch is a funded company, having raised a total of $310M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $63.27M, raised on Mar 06, 2017.
What does Interswitch do?
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.
What products or services does Interswitch offer?
Interswitch offers Quickteller, Verve Card, Interswitch Payment Gateway, and Interswitch Health.
How many acquisitions has Interswitch made?
Interswitch has made 4 acquisitions, including ECLAT, Pesapoint, and VANSO International.
Who are Interswitch's investors?
Interswitch has 5 investors. Key investors include Visa, LeapFrog Investments, Helios Investment Partners, Tana Africa Capital, and TA Associates.
What is Interswitch's valuation?
The valuation of Interswitch is $1B as of Nov 2019.
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