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
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Interswitch Group
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$310 M (USD)
in 4 rounds
-
Latest Funding Round
$110 M (USD), Series E
May 12, 2022
-
Investors
Visa
& 4 more
-
Employee Count
Not available
-
Investments & Acquisitions
ECLAT
& 3 more
-
Acquired by
Helios
(Dec 01, 2010)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
People of Interswitch
Unlock access to complete
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
Unlock access to complete
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.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity fund focused on banking, finance, healthcare, and multiple sectors
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked | |
|
Multiple sectors are invested in by private equity firm TA.
|
Locked | Locked | Locked |
Investor details for Interswitch
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Interswitch
Interswitch has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include ECLAT, Pesapoint and VANSO International.
Investment portfolio details for Interswitch
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
EHR solutions are provided for healthcare providers in Nigeria.
|
Locked | Locked | 2012 | Locked | |
|
ATM, PoS hardware, and corporate prepaid card services are provided.
|
Locked | Locked | 2005 | Locked | |
|
Omnichannel banking and payments solutions are delivered across Africa.
|
Locked | Locked | 2005 | Locked |
Complete acquisition details for Interswitch
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Interswitch
Detailed financials for Interswitch
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Interswitch Comparisons
Peer comparison for Interswitch
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Interswitch
Detailed competitors of Interswitch
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Interswitch
Complete news archive for Interswitch
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 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 5 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.