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Interswitch Receives $110M Investment From Leapfrog And Tana Africa Capital

May 12, 2022over 3 years ago

Amount Raised

$110 Million

Description

African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent, the two private investment firms said in a statement Wednesday.

Company Information

Company

Interswitch

About

African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent, the two private investment firms said in a statement Wednesday. In an interview that year, CEO Elegbe told TechCrunch that the company would pursue a dual-listing on the London and Nigeria stock exchanges. But since that isn’t forthcoming, the holding company has found an immediate alternative. At $1 billion (its last know valuation), Interswitch is one of Africa’s largest electronic payments and infrastructure companies.

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