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# African payment company Interswitch raises $110 million
- URL: https://www.techloy.com/african-payment-company-interswitch-raises-110-million/
- Published: 2022-05-12T12:27:08.000Z
- Updated: 2022-12-08T00:33:21.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in Nigeria, Interswitch

[Interswitch,](https://www.interswitchgroup.com/) an African payment company based in Nigeria has raised $110 million from LeapFrog Investments and Tana Africa Capital to expand its digital services in the continent. 

- Interswitch is powering seamless payment in Africa across online payments, POS terminals, Quickteller and Verve which is 100% accepted for payment in Nigeria and 185 other countries globally, the company claims.
- The new investors, LeapFrog Investments and Tana Africa Capital plan to work with Interswitch to attract new customers and develop more Africa-driven financial inclusion strategies.
- The company last raised $200 million from Visa for a 20% stake in 2019\.