Visa acquire miniority stake in Helios portfolio company, Interswitch

12 Nov 2019

Interswitch, a leading technology-driven company focused on the digitization of payments in Nigeria and other countries in Africa, and Visa Inc., the world leader in digital payments, today announced a strategic partnership that will further advance the digital payments ecosystem across Africa. As part of the agreement, Visa will acquire a significant minority equity stake in Interswitch. The investment makes Interswitch one of the most valuable African FinTech businesses with a valuation of US$1 bn. Visa will join globally renowned investors, Helios Investment Partners, TA Associates and IFC, as shareholders in Interswitch, alongside company management.

-END-

 

« Back to Member News

RT @Mkessome: Secret Santa strikes again with Christmas-themed gifts ⁦@AVCA_Africa⁩ - Who bought the £4.99 toilet paper 😂🤣? https://t.co/yf

Last chance to register for @AVCA_Africa’s Institutional Investor Masterclass! Hear South Africa’s leading investme… https://t.co/lu5EIpEk72

RT @BukiweKabi: The roundtable discussion on fundraising and exits in SA led by Angela Simpson, Corporate Partner at @webberwentzel is unde…

RT @SuperReturn: In the #frontiermarkets stream, we hear from Enitan Obasanjo-Adeleye of @AVCA_Africa as she analyses recent deals in front…

3 days until @AVCA_Africa’s Institutional Investor Masterclass! Hear from the industry’s leading experts on how to… https://t.co/0dS5vWbQ3x

;