Interswitch: the team behind the deal with Visa
Visa Inc.’s acquisition of a stake in the Nigerian electronic payment systems champion marks a key milestone in the spectacular development of Interswitch. Founder Mitchell Elegbe has surrounded himself with a strong team.
Someone shares this article with you
▪ Interswitch: the team behind the deal with Visa
▪ Visa Inc.’s acquisition of a stake in the Nigerian electronic payment systems champion marks a key milestone in the spectacular development of Interswitch. Founder Mitchell Elegbe has surrounded himself with a strong team.
▪ https://www.africabusinessplus.com/en/801169/interswitch-lequipe-qui-a-negocie-le-deal-geant-avec-visa/
The amount of the deal has not been disclosed, but the transaction gives the company a market valuation in excess of $1 billion and makes it the second largest unicorn in Africa after Jumia. On 12 November, U.S. group Visa Inc. announced that it had acquired a “significant” but “minority” stake in Interswitch, the Nigerian payment systems champion. Visa’s investment was led by American national Andrew Torre, head of the CEMEA zone and a former executive at the World Bank.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Bank
12/09/2023 at 22h04, by Africa Business+
Aïda Diarra and Leïla Serhan, Visa pilots in Africa
Both vice-presidents of the American credit card group, they share the management of the continent’s...
New technologies
21/08/2020 at 11h55, by Aurelie Benoit, updated 26/08/2020
Flutterwave in discussions with SG, Coris and Citibank for its new Côte d’Ivoire market
The Nigerian payment fintech has just registered its subsidiary in Abidjan, and is testing the waters...
Bank
13/11/2019 at 16h44, by Africa Business+, updated 14/11/2019
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...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.