# Interswitch Group: Information technology & services, Lagos, Nigeria

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

Source: https://millionrounds.com/startup/interswitch-group (Millionrounds; every figure on the page links to its filing or article)

Nigeria · [Information technology & services startup](https://millionrounds.com/companies)

# Interswitch Group

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

Funding reported Last round: Venture (Round not Specified)

Information technology & services Lagos, Nigeria

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Company summary

- **Founded:** 2002 24 years old
- **Team:** 1,700 1,000+ people
- **Funding reported:** 321.3M as listed, currency not stated
- **Last round:** Venture (Round not Specified) May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Interswitch Group has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **321.3M** in the source's currency

Last round **Venture (Round not Specified)**

Last round size **110M**

Last round date **May 2022**

## On 2 portfolio pages

Investors who name them

- [Helios Investment Partners](https://millionrounds.com/fund/helios-investment-partners)
- [Haba Capital](https://millionrounds.com/fund/haba-capital)

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 nigeria mobile payments digital payments consumers payment security reserve large enterprise payments distribution transaction processing african payment ecosystem growth information technology & services financial services transaction switching finance payment acceptance in africa payment ecosystem development

Built with from their website

Microsoft Azure Monitor Azure Devops Trend Micro Email Security Docker Google Tag Manager JUnit Spring Cloud Tableau ANS AWS Trusted Advisor

+8 more

Atlassian React Native PWA Google Cloud Apache C++ GitHub MailChimp

- **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](https://millionrounds.com/directory/interswitch-east-africa)

## Information technology & services in Nigeria

Startups like it

- [**Chowdeck** Lagos · founded 2021 *Raised*](https://millionrounds.com/company/chowdeck)
- [**PaidHR** Lekki · founded 2021 *Raised*](https://millionrounds.com/company/paidhr)
- [**Sabi** Lagos · founded 2021](https://millionrounds.com/startup/sabi-3)
- [**Omni** Lagos · founded 2021](https://millionrounds.com/startup/omni-10)
- [**Terragon Group** Lagos · founded 2009](https://millionrounds.com/startup/terragon-group)
- [**Myluxtrade Digital hub** Benin City · founded 2021](https://millionrounds.com/startup/myluxtrade-digital-hub)
- [**Indicina** Lagos · founded 2018](https://millionrounds.com/startup/indicina)
- [**FransUnisoft** Lagos · founded 2025](https://millionrounds.com/startup/fransunisoft)

## Is this your company?

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