Interswitch

Interswitch earns revenue as a transaction processor, taking a fee on each payment that moves across its switching rails. It also generates income from its proprietary Verve card scheme, the Quickteller consumer platform, and the software and integration services it sells into real estate, energy, health, mobility, and government verticals.

Interswitch is an operating company, not an investment firm. Founder and Group CEO Mitchell Elegbe leads strategic decisions, including product expansion and geographic partnerships. Capital allocation toward new verticals and acquisitions, such as the purchase of VANSO, is driven by the executive leadership team rather than an investment committee.

Neither. Interswitch is a privately held pan-African digital payments and commerce company. It does not manage third-party capital, allocate to funds, or make venture investments. It builds and operates transaction infrastructure—switching, card schemes, and vertical software platforms—as its primary business.

Interswitch does not invest in external companies at any stage as part of a fund or allocation program. It develops and deploys its own products internally. Where it collaborates with third parties, it does so through commercial partnerships or developer API access rather than equity investment.

Interswitch publicly focuses on six sectors: financial services, real estate, energy, healthcare (wellness), mobility, and government. It does not promote activity in agriculture, manufacturing, education, or heavy infrastructure, and no evidence suggests material operations in those areas.

Interswitch was founded with the Central Bank of Nigeria's support to build a domestic transaction switching and processing network. It operates as a privately owned company, not a parastatal, but its original mandate and ongoing licensing are closely tied to Nigerian financial regulators. Its national-switch partnerships in Gambia and Sierra Leone mirror the central-bank collaboration model.

Interswitch does not participate in fund commitments. All its activity is direct: it develops, acquires, or partners to build operating platforms. It is not a limited partner in external funds, nor does it act as a co-investor in third-party transactions.