Interswitch
Interswitch is a fintech / payments infrastructure company based in Lagos, Nigeria, founded in 2002. Payment switching, processing and card infrastructure. It was valued at $1bn on 11 November 2019 (Visa minority stake (amount undisclosed)), which makes it a unicorn in the 311 Unicorn Index.
Part of the 311 Unicorn Index (311institute.com). Last updated .
Source: TechCrunch (company-confirmed valuation)
About Interswitch
Payment switching, processing and card infrastructure. Lead investors in its latest round: Visa. It is backed by private equity investors. Website: interswitchgroup.com.
How this figure is calculated
The valuation set by the latest priced funding round or company-run share sale, as announced by the company or its lead investor, or reported by a major news organisation. Figures in other currencies are converted at the rate on the day of the round. Talks that have been reported but not closed do not count. This valuation is more than three years old, so it is marked as dated.
Related
- Innovation profile of Lagos
- Nigeria: economy and key statistics
- The 311 Unicorn Index
- Global Startups Directory
- Global Investors Directory
- All 311 Indexes
Questions and answers
How much is Interswitch worth?
Interswitch was valued at $1bn on 11 November 2019 (Visa minority stake (amount undisclosed)), according to the 311 Unicorn Index.
Where is Interswitch based?
Interswitch is headquartered in Lagos, Nigeria.
When was Interswitch founded?
Interswitch was founded in 2002.
What does Interswitch do?
Payment switching, processing and card infrastructure.
Is Interswitch a unicorn?
Yes. Interswitch is a privately held company valued at $1 billion or more, so it is a unicorn in the 311 Unicorn Index.
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