# Interswitch

Interswitch is an Asset Manager based in Lagos, Nigeria.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lagos, Nigeria
- **Region:** Africa
- **Address:** Lagos, Nigeria
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.interswitchgroup.com
- **LinkedIn:** https://www.linkedin.com/company/interswitch-limited

## Regulatory record

- **Reports private funds:** No

## About

Interswitch is a leading pan-African digital payments and commerce company, enabling secure, reliable transactions across multiple African markets.

## Sectors

- Financial Services
- Enterprise Software
- Real Estate
- Energy Transition & Renewables
- Digital Health
- Mobility & Transportation
- Government Technology

## People

- Mitchell Elegbe — Founder & Group Chief Executive Officer

## Questions

### How does Interswitch make money?

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.

### Who runs investment decisions at Interswitch?

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.

### What investment stages does Interswitch typically target?

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.

### How is Interswitch related to the Central Bank of Nigeria?

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.

### Does Interswitch participate in fund commitments or only direct deals?

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.

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- [Intersect Capital Management](https://altss.com/profile/intersect-capital-management)
- [Interven Partners](https://altss.com/profile/interven-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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