Interswitch
Founded Year
2002Stage
Private Equity - II | AliveTotal Raised
$310MLast Raised
$110M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-63 points in the past 30 days
About Interswitch
Interswitch is a company that operates in the electronic payment and digital commerce solutions sector. The company provides services including payment processing and transaction switching, as well as digital payment products for individuals, SMEs, and large corporations. Interswitch's solutions are used across different industries to facilitate transactions and business operations. It was founded in 2002 and is based in Lagos, Nigeria.
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Research containing Interswitch
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Interswitch in 2 CB Insights research briefs, most recently on Jul 22, 2022.
Expert Collections containing Interswitch
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Interswitch is included in 2 Expert Collections, including Payments.
Payments
3,085 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,559 items
Excludes US-based companies
Latest Interswitch News
Feb 25, 2025
Lagos, Nigeria – February 25, 2025 – Interswitch , one of Africa's leading integrated payments and digital commerce companies, has been recognised as one of the “Happiest Workplaces Around the Globe 2024”. This prestigious recognition, awarded by Happy Workplaces®, a company dedicated to making employee well-being a benchmark for business success, places Interswitch among just nine companies in Nigeria to receive this honour, highlighting the company's unwavering commitment to fostering an exceptional workplace culture. The “Happiest Workplaces Around the Globe 2024” certification is based on a comprehensive methodology that includes meta-analysis, employee surveys, and HR-checks. Happy Workplaces® evaluated workplaces across 23 countries, leveraging insights from over one million employees and 236 workplace rankings. In Nigeria, 42 companies were assessed, with Interswitch earning recognition for its outstanding dedication to employee well-being, engagement, and satisfaction. Franklin Ali, Group Chief Human Resources Officer, Interswitch, commented on the recognition: “We are honoured to be recognised as one of the ‘Happiest Workplaces Around the Globe 2024.' This achievement reflects our unwavering commitment to fostering a workplace where employees feel valued, empowered, and inspired to excel. At Interswitch, we believe our people are our greatest strength, and this recognition celebrates the inclusive, innovative, and supportive culture we've built together.” Research from Happy Workplaces® reveals that only 66 per cent of recognised companies report challenges with talent acquisition and retention, compared to a higher 84 per cent among companies that did not make the list. This competitive advantage positions Interswitch to continue attracting and retaining top talent in the competitive fintech landscape. Interswitch's recognition comes as the company continues to expand its footprint across Africa, driving financial inclusion and digital payment innovation across the continent. The company's positive workplace culture has earned it several other awards and recognitions including the Best Employer Brand (Sub-Saharan Africa) in the 2023 LinkedIn Talent Awards; Winner, HR Best Practices Award in the 2023 HR Oscars and the 2022 Leading Company in Diversity, Equity, and Inclusion by Hofstede Insights. Interswitch's focus on creating and maintaining an enabling workplace environment has been instrumental in fuelling the creativity, collaboration, and dedication needed to maintain its position as an industry leader. For more information about Interswitch and career opportunities, visit www.interswitchgroup.com. Related Articles This post appears first on Alexa.ng - Explore Viral World News And Politics - Europe & Middle East,Asian News,African News,US News.
Interswitch Frequently Asked Questions (FAQ)
When was Interswitch founded?
Interswitch was founded in 2002.
Where is Interswitch's headquarters?
Interswitch's headquarters is located at 1648C Oko-Awo Street, Lagos.
What is Interswitch's latest funding round?
Interswitch's latest funding round is Private Equity - II.
How much did Interswitch raise?
Interswitch raised a total of $310M.
Who are the investors of Interswitch?
Investors of Interswitch include LeapFrog Investments, Tana Africa Capital, Visa, TA Associates and Helios Investment Partners.
Who are Interswitch's competitors?
Competitors of Interswitch include enza, Zone, BoundlessPay, Chipper Cash, PalmPay and 7 more.
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Compare Interswitch to Competitors
Opay is a digital payment platform that provides financial services. The company allows fund transfers, cashback on airtime and data top-ups, and has a savings account with daily interest. Opay provides a debit card that can be used for online transactions and offers customer service support. It was founded in 2018 and is based in Lagos, Nigeria.
PalmPay develops a secure, digital payment experience in an effort to promote financial inclusion and enhance consumer experiences. The company improves its users' digital payment experiences by offering financial account creation, money transfers, bill payments, and instant access to credit services. It was founded in 2019 and is based in Lagos, Nigeria.
Flutterwave operates as a financial technology company. It provides a variety of payment solutions, including online payment acceptance, cross-border payouts and transfers, currency swaps, and point-of-sale (POS) systems. It primarily serves businesses, individuals, and startups, particularly in emerging markets. The company was founded in 2016 and is based in San Francisco, California.
Kuva is a digital wallet company that provides payment solutions across multiple currencies. The company offers a platform for sending and receiving money, facilitating cross-border payments, and enabling multi-currency transactions. Kuva's services are available for individuals and businesses. It was founded in 2018 and is based in Harare, Zimbabwe.
Stitch is a payments service provider that focuses on online payment processing and financial infrastructure solutions. The company provides a payment gateway and API that allows businesses to accept different payment methods including cards, digital wallets, bank transfers, and cryptocurrencies, while also offering tools for payment orchestration, management, and reconciliation. Stitch serves sectors such as e-commerce, financial services, lending, insurance, and marketplaces. It was founded in 2017 and is based in Sandton, South Africa.
Moniepoint is a financial technology company that provides digital financial services for businesses. The company's services include payment solutions, banking services, credit provision, and business management tools that assist in financial transactions and operations. Moniepoint was formerly known as TeamApt. It was founded in 2015 and is based in Lagos, Nigeria.
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