Interswitch

Interswitch is a provider of electronic transaction switching and payment processing solutions for individuals and businesses. Read more

1,422 Followers on Owler
1,422 Followers on Owler
1,422 Followers on Owler
1,422 Followers on Owler

Interswitch

Interswitch is a provider of electronic transaction switching and payment processing solutions for individuals and businesses. Read more

Mitchell Elegbe's photo - Managing Director & CEO of Interswitch

Managing Director & CEO

Mitchell Elegbe

CEO Approval Rating

85/100

Founded:

2002

Status:

PrivateIndependent Company

INTERSWITCH TOP COMPETITORS OR ALTERNATIVES

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COMPANY

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Flutterwave is one of Interswitch's top rivals. Flutterwave's headquarters is in San Francisco, California, and was founded in 2016. Like Interswitch, Flutterwave also competes in the Internet Software industry. Flutterwave generates 34% of Interswitch's revenue.

TeamApt has been one of Interswitch's top competitors. TeamApt was founded in 2015 in Lagos, Lagos. Like Interswitch, TeamApt also operates in the Internet Software field. TeamApt generates $38M less revenue than Interswitch.

Paystack is one of Interswitch's top competitors. Paystack was founded in Lagos, Lagos} in 2015. Like Interswitch, Paystack also competes in the Fintech sector. Compared to Interswitch, Paystack generates $32.7M less revenue.

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Interswitch Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
EClat Healthcare Ltd.

Sep 2019

Source »
undisclosed
-
Paynet Kenya Limited

Sep 2014

Source »
undisclosed
Paynet provides e-banking services and solutions for the financial sector.

These are all the companies that Interswitch has acquired. Interswitch has acquired 2 companies and its latest acquisition was EClat Healthcare Ltd. in Sep 2019.

Interswitch Funding History

Since Interswitch was founded in 2002, it has participated in 3 rounds of funding. In total Interswitch has raised $779.9K. Interswitch's last funding round was on Apr 2020 for a total of $779.9K

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Investment Fund
Apr 2020
$779.9K
-
Equity
Nov 2019
--
Equity
Mar 2017
--

Since Interswitch was founded in 2002, it has participated in 3 rounds of funding. In total Interswitch has raised $779.9K. Interswitch's last funding round was on Apr 2020 for a total of $779.9K

Interswitch Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Okhi develops a smart addressing platform that offers customer address collection, verification and navigation solutions to the banking sector.
$1.5M
Sep 22, 2020
Equity
-
Africa Courier Express is a provider of courier delivery, shipping and logistics solutions.
$850K
Feb 15, 2015
Equity
-

These are all the companies that Interswitch has invested in. Interswitch has invested 2 companies and its latest investment was EClat Healthcare Ltd. in Sep 2019.

Interswitch News

December 17, 2020Business Day

Interswitch extends footprint in Africa, partners Credit Bank to launch multi-currency prepaid card

Interswitch Group, Africa's largest digital payment company, has partnered Kenya's Credit Bank Plc to... See more »
December 15, 2020The Paypers

Interswitch, Credit Bank to launch multi-currency prepaid card

Nigeria-based digital payments company Interswitch Group has partnered with Kenya-based Credit Bank t... See more »
December 11, 2020privateequitywire

Smart addressing startup OkHi partners with Interswitch Group

Smart addressing startup OkHi partners with Interswitch Group Submitted 11/12/2020 - 9:13am Smart add... See more »
November 26, 2020Business Day

Interswitch, Finastra consolidate partnership for improved services across Africa

Interswitch, Africa's leading technology driven company has announced a partnership with Finastra to ... See more »
October 19, 2020Global Legal Chronicle

Interswitch Limited's Acquisition of 60% stake in E'clat Healthcare Limited

Aluko & Oyebode advises Interswitch Limited on the deal Nigeria's leading payment processing company;... See more »
September 17, 2020Telecompaper

UnionPay, Interswitch to extend payment services into East Africa

(Telecompaper) UnionPay International (UPI) and Interswitch have gone into a partnership to extend pa... See more »
September 17, 2020TechCrunch

Interswitch to revive its Africa venture fund, CEO confirms

Pan-African fintech company Interswitch plans to fire up its corporate venture arm again-according to... See more »

Interswitch Press Releases

Interswitch Videos

Social Media

Interswitch Headquarters

Plot 1648C, Oko-Awo Street

Victoria Island, Lagos80164

Driving Directions »

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Interswitch Summary

ABOUT

Overview

Interswitch is a provider of electronic transaction switching and payment processing solutions for individuals and businesses. Interswitch was founded in 2002. Interswitch's headquarters is located in Victoria Island, Lagos, NG 80164. It has raised 77...

CEO

Interswitch's Managing Director & CEO, Mitchell Elegbe, currently has an approval rating of 85%. Interswitch's primary competitors are Flutterwave, TeamApt & Paystack.

Website

interswitchgroup.com

Frequently Asked Questions about Interswitch

  1. When was Interswitch founded?

    Interswitch was founded in 2002
  2. Who is Interswitch's CEO?

    Interswitch's CEO is Mitchell Elegbe
  3. How much revenue does Interswitch generate?

    Interswitch generates $47.5M in revenue
  4. How much funding does Interswitch have?

    Interswitch has historically raised $779.9K in funding
  5. Where is Interswitch's headquarters?

    Interswitch's headquarters is in Victoria Island Lagos, NG
  1. How many employees does Interswitch have?

    Interswitch has 500 employees
  2. What sector does Interswitch operate in?

    Interswitch is in Internet Software, Fintech
  3. Who are Interswitch's competitors?

    Interswitch's top competitors are Flutterwave, TeamApt, Paystack
  4. Who has Interswitch invested in?

    Interswitch's has invested in companies such as Okhi, Africa Courier Express