Nigeria · Information technology & services startup

Interswitch Group

Interswitch Group is a prominent integrated payments and digital commerce platform based in Lagos, Nigeria.

Funding reportedLast round: Venture (Round not Specified)

Information technology & servicesLagos, Nigeria

About Interswitch Group

Interswitch Group is a prominent integrated payments and digital commerce platform based in Lagos, Nigeria.

Established in 2002 by Mitchell Elegbe, the company has grown from a transaction switching and processing entity to a comprehensive provider of omni-channel payment solutions across over 23 African countries. Interswitch processes more than 90% of Nigeria’s card and mobile money transactions and manages a vast network of over 11,000 ATMs and 190,000 active businesses. The company offers a wide range of services, including the Verve card scheme, Quickteller for retail payments, and various payment gateways for secure online transactions. Interswitch also provides solutions for government agencies, lending services, and agency banking APIs for financial institutions. With over 70 million activated cards, Interswitch plays a vital role in enhancing financial inclusion and facilitating seamless payment processing across the continent.

What company datasets say Interswitch Group raised

Funding, as reported

Reported in all321.3Min the source's currency
Last roundVenture (Round not Specified)
Last round size110M
Last round dateMay 2022

On 2 portfolio pages

Investors who name them

Each firm lists Interswitch Group on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

payment infrastructure nigeriamobile paymentsdigital paymentsconsumerspayment securityreservelarge enterprise paymentsdistributiontransaction processingafrican payment ecosystem growthinformation technology & servicesfinancial servicestransaction switchingfinancepayment acceptance in africapayment ecosystem development

Built with from their website

Microsoft Azure MonitorAzure DevopsTrend Micro Email SecurityDockerGoogle Tag ManagerJUnitSpring CloudTableauANSAWS Trusted Advisor

+8 more

AtlassianReact NativePWAGoogle CloudApacheC++GitHubMailChimp

Sector
Information technology & services
Industry code
NAICS 522320, 541512, SIC 7375
Region
Lagos
Revenue
95M a year, as listed
Full record
Every detail in the company directory

Information technology & services in Nigeria

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