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Interswitch is a leading African integrated payments and digital commerce platform based in Lagos, Nigeria, providing transaction switching, processing, and consumer financial services. The company operates key offerings such as Quickteller, a retail payments platform linking merchants, billers, and consumers, and Verve, an EMV-certified payments card scheme. In January 2023, Interswitch received a Payments Service Holding Company (PSHC) License from the Central Bank of Nigeria, marking it as one of the first in this category. Group Managing Director & CEO Mitchell Elegbe was recognized among top Fintech CEOs in 2023 and served as an EY World Entrepreneur Of The Year judge in 2024. Other key figures include early co-founder Charles Ifedi and divisional CEO Akeem Lawal. Interswitch was founded in 2002 by Mitchell Elegbe.
Key people at Interswitch.
Interswitch was founded in 2002 by Mitchell Elegbe (Founder, Group Managing Director & CEO).
Interswitch was founded in 2002 by Mitchell Elegbe (Founder, Group Managing Director & CEO).
Key people at Interswitch.
Interswitch has 2 tracked investments across 2 companies. The latest tracked deal is $1.5M Seed Extension in OkHi in March 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 9, 2022 | OkHi | $1.5M Seed Extension | — | Olugbenga Agboola, Betatron Venture Group, Bolaji Balogun, Exfi, Founders Factory Africa |
| Nov 16, 2021 | Shuttlers | $1.6M Seed | Lavanya Anand | CcHub Syndicate, Consonance Investment Managers, EchoVC, Five35 Ventures, Launch Africa, Nikky Taurus, Rising Tide Africa, Sakore, Shequity |
