Visa has officially confirmed that it has acquired a stake in Interswitch, one of Africa’s biggest fintech companies. The deal is now subject to regulatory approval and is expected to close in the first quarter of 2020. Once completed, Visa will join firms like the IFC, Helios Investment Partners, TA Associates as shareholders. Both companies […]
In 2016, Africa Internet Group (Jumia’s former parent company) raised $493 million at a $1 billion valuation making it Africa’s first tech unicorn. Jumia comprises 10 businesses (sharing the brand name) spread across 23 African nations. The company which launched in 2012, generated about $234 million in revenue in 2015, a 265% increase from the […]
iHub’s CEO, Kamal Bhattacharya, is leaving to head Safaricom’s Innovation Hub.
Interswitch enters into strategic partnership with Ingenico Group
There’ll also be a fireside chat with Interswitch CEO, Mitchell Elegbe
All relevant regulatory and shareholder approvals have been received