African payment company Interswitch raises $110 million
Interswitch, [https://www.interswitchgroup.com/] an African payment company based in Nigeria has raised $110 million from LeapFrog Investments and Tana Africa Capital to expand its digital services in the continent. * Interswitch is powering seamless payment in Africa across online payments, POS terminals, Quickteller and Verve which is 100% accepted
Interswitch, an African payment company based in Nigeria has raised $110 million from LeapFrog Investments and Tana Africa Capital to expand its digital services in the continent.
- Interswitch is powering seamless payment in Africa across online payments, POS terminals, Quickteller and Verve which is 100% accepted for payment in Nigeria and 185 other countries globally, the company claims.
- The new investors, LeapFrog Investments and Tana Africa Capital plan to work with Interswitch to attract new customers and develop more Africa-driven financial inclusion strategies.
- The company last raised $200 million from Visa for a 20% stake in 2019.
