Monday, January 30, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Interswitch Secure a Hundred Million Dollars from Tana Africa Capital and LeapFrog Investments to Accelerate e-Payment in Africa

Interswitch lead the African remittance landscape with innovation.

Eni by Eni
May 13, 2022
in Fintech/Finance, Investment
0

.

Interswitch’s latest business involvement adds two titan investors to its directory board as Tana Africa Capital and LeapFrog Investments raised $110m to promote Interswitch remittance services across Africa. Interswitch has reportedly embarked on an expansion journey to have innovated its digital payment services with high-end technology.

Related posts

Amazon & Stripe

Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

January 25, 2023
Kuda Bank

The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.

January 24, 2023

Executive heads of either Interswitch, LeapFrog, or Tana Africa Capital confirmed their consortium posing as a strategic investment scheme in Africa FinTech sector. The Interswitch Group CEO, Mitchell Elegbe statements sent personal messages to LeapFrog Investments and Tana Africa Capital as Elegbe welcomes them on board his payment services pack of investors.

Elegbe highlighted the “evolution of FinTech in Nigeria and the broader sub-Saharan region has been driven by the need to solve challenges and barriers that exist within the traditional financial system. Interswitch was born from the need to develop solutions that match the unique needs of local customers and merchants.”

The African payment landscape is set to experience an advanced mentorship and management system from the likes of Tana Africa and LeapFrog Investments to support Africa’s finest FinTech platform, Interswitch to grow beyond the continental race. Interswitch’s investment from the African capitalist investors is projected to accelerate remittance innovation that will increase product sales as well as a heightened userbase.

“Interswitch has developed a strong position at the nexus of Nigeria’s payments ecosystem, underpinned by an offering which is primed for continued growth. The business’ evolution is a testament to management’s track record and tenacity. Alongside LeapFrog, we look forward to supporting Interswitch’s next chapter through continued product innovation and growth across the African continent,” Tana Africa Capital Managing Director and CEO, Mark Tindall said.

It is a no-brainer that Interswitch leads the African digital payment sector to have attracted several investors in contributing resourceful offerings to bolster Interswitch’s development growth. Recall Techbooky.africa reported Interswitch to have embraced integrating its payment system with biometric security technology. Interswitch’s LeapFrog and Tana Africa investment consortium seems to focus on the development of this project.

LeapFrog also took time to share a statement about committing to invest in Interswitch regardless of the FinTech pioneer role Interswitch trails in Africa and beyond.

“Interswitch, a pioneer in the African payments ecosystem, has been disrupting the cash economy, driving digital payments, and promoting equitable financial inclusion in Nigeria for two decades. This investment by LeapFrog affirms the formidable talent at Interswitch and how well-placed it is to seize the significant opportunity in Africa’s evolving digital payments landscape,” LeapFrog Investments, partner, head of Africa financial services, Karima Ola.

Interswitch has been existing in the African digital economy serving FinTech products for the inclined African population. Although Interswitch gained the limelight under Visa’s FinTech shadows. Interswitch’s current behemoth stance in the African digital sector is included the hundreds of million dollars Visa invested in Interswitch per 20% stake.

Three years ago when Interswitch secured the $200m from Visa — this was the last IPO report Interswitch published. Today’s Interswitch reports another hundred million dollars LeapFrog and Tana Africa offered in an investment storyline. Still, Interswitch needs to publish the latest fiscal report to ascertain if Interswitch remains on the shortlist of African unicorns.

It is worth noting that the LeapFrog and Tana Africa investment in Interswitch does not involve the activities of Interswitch’s subsidiaries such as QuickTella and Verve FinTech operations.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: africafintechinvestment
Previous Post

IdentityPass Completes its Seed Round with Millions of Dollars Led by Y Combinator and MaC.

Next Post

The Nigerian Feds Debuts N-Alert Mobile App to Curb Crime Related Events in Nigeria.

Next Post
The Nigerian Feds Debuts N-Alert Mobile App to Curb Crime Related Events in Nigeria.

The Nigerian Feds Debuts N-Alert Mobile App to Curb Crime Related Events in Nigeria.

RECOMMENDED NEWS

Juan Seco Succeeds Betty Mwangi as Chief Executive of Jumia Kenya.

Juan Seco Succeeds Betty Mwangi as Chief Executive of Jumia Kenya.

7 months ago
Google Commence Its Billion Dollars Technology Transition Initiative Debuting Subsea Cables Installation In Nigeria.

Google Commence Its Billion Dollars Technology Transition Initiative Debuting Subsea Cables Installation In Nigeria.

10 months ago
Airtel and Konga Sign A Partnership Deal To Expand The Nigerian Digital Retail Horizon.

Airtel and Konga Sign A Partnership Deal To Expand The Nigerian Digital Retail Horizon.

10 months ago
Telegram Introduces a Seamless Cryptocurrency Payment Option.

Telegram Introduces a Seamless Cryptocurrency Payment Option.

9 months ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Partnership Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
35 Posts
View Posts
Transport
10 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
  • Spotify
    Tech Retrenchment: Spotify Has Prepared To Cut It Global Workforce This Week.
    • January 24, 2023
  • Kuda Bank
    The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
  • Airtel Launches eSIM Technology In Nigeria
  • Mafab Communication Debut 5G Cellular Data In Nigeria.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In