Interswitch News

Private equity firm TA Associates announces minority investment in Interswitch

Private equity firm TA Associates announces minority investment in Interswitch

TA Associates, a leading global growth private equity firm, announced on Monday it has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.

What Africa's banking sector needs to do to survive

What Africa's banking sector needs to do to survive: Ndubuisi Ekekwe, Founder, African Institution of Technology

Across Africa, banking is being redesigned. Technology has emerged as a competitive weapon in driving operational excellence and superior service quality.

Here are 7 predictions for Africa's tech sector

Here are 7 predictions for Africa's tech sector

As Africa transitions from the margins to the mainstream of the global economy, technology is playing an increasingly significant role.

Interswitch: Africa’s first ‘unicorn’? Credit: eyefortravel.com

Interswitch: Africa's first 'unicorn'?

An integrated digital payments and transaction processing company in Nigeria has travel companies queueing up, writes Sally White.

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets. Credit: sokopay.com

Africa Telecom and Tech IPO Pipeline Swells as Growth Companies Target Public Markets

From Nigerian fintech to East African fiber, several exciting and diverse companies are emerging as IPO contenders in Africa’s rapidly growing Technology, Media & Telecommunications (TMT) sector, according to specialist news provider TMT Finance.

African IPOs Set to Double Capital Raised in 2016 - Baker & McKenzie

African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Mitchell Elegbe, Founder & CEO, Interswitch

Nigerian fintech company Interswitch could become Africa's first startup to IPO at $1B+ valuation

Africa’s first billion-dollar tech IPO on a major exchange may be imminent.

Mitchell Elegbe, Founder & CEO, Interswitch

Helios said to be working with Citigroup to sell Nigeria's Interswitch

Helios Investment Partners, an Africa-focused private equity firm, is preparing to sell Nigerian payments-processing group Interswitch Ltd. in a deal that could value the company at more than $1 billion, people with knowledge of the matter said.

L-R: Charles Ifedi, CEO, Verve; Mitchell Elegbe, Founder & MD, Interswitch; Akeem Lawal, Director, Interswitch. Credit: financialtechnologyafrica.com

Nigeria's Interswitch launches Verve payments service in Kenya

The Nigerian company Interswitch is to launch its Verve payments cards in Kenya, a move that should cut banks’ costs and threaten the dominant positions of Visa, MasterCard and the M-pesa mobile money service.

Here are nine tech companies building Nigeria's future

Here are nine tech companies building Nigeria's future

Over the course of the last 5 years, Nigeria has seen the rise of many tech companies working to address Nigerian problems with unique solutions. Although a number have failed in this quest, a good number have diversified or pivoted their solutions to sustain business.

Yemi Lalude, Managing Partner, TPG Africa

Private equity firm TPG Growth appoints Harvard-trained Yemi Lalude as Managing Partner of TPG Africa

TPG Growth, the global middle market and growth equity platform of private equity firm TPG Capital, has announced the appointment of Yemi Lalude as Managing Partner of TPG Africa.

Seed funding for African tech startups is really taking off

Venture capital funding for African tech startups is really taking off - here's why

It is well established that VC investing globally is on the rise, but there is increasing evidence that more of this money is landing in Africa too, as the continent is now deemed a less risky place for investors to put their cash.

Tonye Cole, Co-Founder & Group Executive Director, Sahara Group

Nigeria's Sahara to raise up to $1.4B in London & Lagos IPOs along with debut dollar bond sale

Sahara Group, a Nigerian energy company, plans to raise as much as $1.4 billion through a dual listing of its oil and gas unit in London and Lagos along with a debut dollar bond sale.

Ercin Eksin (Left) and Tunde Kehinde, Co-Founders and Managing Directors, Africa Courier Express (ACE). Credit: techpoint.ng

Starting Jumia helped us build Nigeria's largest delivery network, say Africa Courier Express Co-Founders Tunde Kehinde & Ercin Eksin

Tunde Kehinde and Ercin Eksin are the Founders and Managing Directors of African Courier Express, ACE. The duo were among the pioneers of e-commerce in Nigeria …

Mitchell Elegbe, Group Managing Director, Interswitch

Nigeria's Interswitch considers IPO dual-listing on London Stock Exchange & Nigerian Stock Exchange for Africa expansion

Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, is considering initial public offerings in London and Lagos next year as it plans an expansion into new African markets.

Tayo Oviosu, CEO, Paga

21 Nigerian tech CEOs at the top of their game

Here are 21 of the country’s tech entrepreneurs who are at the top of their game and are making serious waves in the tech space.

Africa Courier Express (ACE)

Nigeria's Africa Courier Express (ACE) thinks big after recent funding round

Nigerian e-commerce logistics startup Africa Courier Express (ACE) plans to offer its service across the whole of Africa one day after securing sizeable funding.

Mitchell Elegbe, Group Managing Director, Interswitch

Nigeria's Interswitch launches $10M venture capital growth fund targeting epayment startups. Invests $850,000 in Africa Courier Express (ACE)

Interswitch, a leading pan-African integrated payment company, has announced the launch of a new $10 million ‘ePayment Growth Fund’.

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Nigeria's Interswitch acquires Kenya-based Paynet

Integrated payments company Interswitch Transnational Holding has acquired a majority shareholding in Paynet Group, a multi-institutional payments provider in East Africa.

Jason Njoku

Top 10 Tech CEOs In Nigeria

Drawing from statistics of Nigeria’s rebased GDP figures, information and communication technologies (ICT) and its sub-sectors are key drivers of Nigeria’s impressive economic growth.