Nigeria: Visa to clinch its entry into the capital of Interswitch (Mitchell Elegbe, Helios, TA Associates, IFC) by early 2020
The investment gives the Nigerian electronic payments company a market capitalisation of $1bn. It is being pursued before a likely IPO and is a clear sign of the growing interest of U.S. giants in the sector for development opportunities in Africa.
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▪ Nigeria: Visa to clinch its entry into the capital of Interswitch (Mitchell Elegbe, Helios, TA Associates, IFC) by early 2020
▪ The investment gives the Nigerian electronic payments company a market capitalisation of $1bn. It is being pursued before a likely IPO and is a clear sign of the growing interest of U.S. giants in the sector for development opportunities in Africa.
▪ https://www.africabusinessplus.com/en/800370/nigeria-visa-to-clinch-its-entry-into-the-capital-of-interswitch-mitchell-elegbe-helios-ta-associates-ifc-by-early-2020/
Visa Inc. has recently signed an agreement with the founder and the private equity funds which control Interswitch Limited for the acquisition of a “significant minority stake” in the capital of the company which aims to achieve geographical reach across the entire continent.
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