ADVERTISEMENT
TechEconomy
Friday, May 9, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Why LeapFrog Investments, Tana Africa Capital Invested $110 million in Interswitch 

Why LeapFrog Investments, Tana Africa Capital Invested $110 million in Interswitch 

Joan Aimuengheuwa by Joan Aimuengheuwa
May 13, 2022
in StartUPs
0

RelatedPosts

YC-Backed CodeAnt AI Raises $2M

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

May 7, 2025

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025

Interswitch has received a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to further spread and enhance its solution across Africa.

How’s Interswitch’s focus in line with LeapFrog and Tana’s?

LeapFrog focuses on ensuring the growth, profitability and impact of extraordinary businesses in Africa and Asia. The company has reached 272 million people so far and has provided 143,126 jobs and livelihoods in 35 countries.

On the other hand, Tana Africa Capital invests in several sectors such as food, beverage & personal care, fast-moving consumer goods, retail, education, healthcare, agribusiness, and other consumer-driven sectors driving innovation and solving real-life problems. Operating across North and Sub-Saharan Africa, Tana ensures the growth of these companies. 

In line with both companies’ mission-driven, Interswitch is a tech company providing innovative solutions to help businesses grow. LeapFrog and Tana have seen an excellent potential, greater than Interswitch’s current level.

Karima Ola, Partner, Head of Africa Financial Services, LeapFrog Investments said: “Interswitch, a pioneer in the African payments ecosystem, has been disrupting the cash economy, driving digital payments and promoting equitable financial inclusion in Nigeria for two decades. This investment by LeapFrog affirms the formidable talent at Interswitch, and how well-placed it is to seize the significant opportunity in Africa’s evolving digital payments landscape. LeapFrog is proud to be partnering with Interswitch to further enhance their innovative, digital capabilities to deliver sustainable scale, whilst positively impacting the lives of millions of people and businesses across the region.”

Mark Tindall, Managing Director and CEO, Tana Africa commented: “Interswitch has developed a strong position at the nexus of Nigeria’s payments ecosystem, underpinned by an offering which is primed for continued growth. The business’ evolution is a testament to management’s track record and tenacity. Alongside LeapFrog, we look forward to supporting Interswitch’s next chapter through continued product innovation and growth across the African continent.”

United BANK

Mitchell Elegbe, Founder and Group Chief Executive of Interswitch, stated: “We are excited to welcome LeapFrog and Tana on board, as we continue our work to advance the future of the African payments landscape. The evolution of fintech in Nigeria and the broader sub-Saharan region has been driven by the need to solve challenges and barriers that exist within the traditional financial system. Interswitch was born from the need to develop solutions that match the unique needs of local customers and merchants.”

The investment also included existing shareholders, with Ignite Holdco Limited, made up of Helios Investment Partners and TA Associates, remaining the largest shareholder in the business following the transaction.

Alongside these existing investors, LeapFrog and Tana will work with management to continue to drive Interswitch’s pan-African strategy, as it looks to access new customers across the continent, innovate with new products and services, and support its financial inclusion strategy.

Interswitch will leverage the investment to advance the payment ecosystem across Africa, rolling out innovations to enhance the economy. 

12 total views , 1 views today

United BANK

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares

Tags: interswitchKarima OlaLeapFrog InvestmentsMark TindallMitchell ElegbeTana Africa Capital
Previous Post

Airtel Premieres Touching Lives Season 6 Today

Next Post

Kofo Akinkugbe, SecureID Founder, Receives National Productivity Order of Merit Award

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

YC-Backed CodeAnt AI Raises $2M
StartUPs

YC-Backed CodeAnt AI Raises $2M to Automate Code Reviews as AI Coding Surges

by Joan Aimuengheuwa
May 7, 2025
0

…helping engineering teams cut manual code review time and bugs by over 50%

Read more
1 Million Anambra Digital Tribe | Government Approves ₦97M Solution Data Platform to Enhance Governance, Security

Soludo Empowers 1 Million Anambra Digital Tribe

May 7, 2025
Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

Swedfund Invests $15M in African Impact Fund to Boost SME Growth, Job Creation

May 6, 2025
Interledger Foundation Ambassador Cohort

Interledger Foundation Announces New Round of Ambassador Cohort

May 6, 2025
Skillvue Raises $6.3 Million

Skillvue Raises $6.3M to Transform How Companies Discover, Develop Hidden Talent

May 5, 2025
Money Fellows Raises $13M

Money Fellows Raises $13M to Expand Its Digital Savings Circles Beyond Egypt

May 5, 2025
Next Post

Kofo Akinkugbe, SecureID Founder, Receives National Productivity Order of Merit Award

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

Audio Player
CYBERSECURITY ESSENTIALS
Techeconomy Podcast
CYBERSECURITY ESSENTIALS
BUILDING STRONGER NETWORKS AND COMMUNITIES[...]
  • 0.8
  • 1
  • 1.2
  • 1.5
  • 2
Download
  • Facebook
  • Twitter
  • Linkedin
  • Copy episode link Copied
  • Download
Captions
00:00
00:00
CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

Video Player
https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
00:00
00:00
00:31
Use Up/Down Arrow keys to increase or decrease volume.
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.