Financial Analysis, Funding & Investors in Interswitch

As we all know that Interswitch is an Africa-focused integrated digital payments and commerce company.

As a digital company that deals on digital payment and commerce, it'll be good to take a critical look into their financial profile and how the company is been funded.

As every other Fintech companies, Interswitch has various investments and investors that is keeping the company running.

Interswitch is funded by four investors  which are Visa, TA Associates, Adlevo Capital and Helios Investment Partners. Visa and TA Associates are the most recent investors. This organizations are contributing greatly to the growth of the company by partnering with them and in return making profits from their investment.

Moreso, in order to keep the company running Interswitch has made 2 investments in the company's name. Their most recent investment was announced on Oct 20, 2015, they invested in SlimTrader which was valued to be $1M, they also invested into ACE- Africa Courier Express in Feb16 2015 and a sum of $2.6M was generated.

Over the years, Interswitch has had 3 different rounds of funding and this has helped in raising a total sum of $210.5M. Their latest funding was raised on Nov 11, 2019 from a Corporate Round round which gave birth to their Lead investor Visa which gave the company the sum of $200M and before then in Sep 15 2011, a funding round was done which was  tagged Venture Round and they generated $10.5M, TA Associates joined the league during the Private Equity Round in March 6 2017.

Furthermore, the company continues to expand their horizon by acquiring more organizations to themselves and over the years they have acquired 3 different companies. Sep 18 2014, Interswitch announced their first acquisition which was Paynet, Paynet  has a proven track record in providing management services to the financial services sector through its comprehensive portfolio of electronic based products and services. These are built upon the company’s unique architecture and assist financial institutions to rapidly launch market leading products that allow them to become the provider of choice for consumer, SME and corporate customers.

Feb 8 2016, Interswitch acquired VANSO for $50,000,000M. The deal was done in cash and it was completed on the same day. VANSO is a software and telecoms company that delivers solutions throughout the financial services industry, VANSO is a market leading mobile and security-focused financial technology provider, delivering cutting edge and innovative solutions in Africa.

Their most recent acquisition was eClat Healthcare and it was acquired on Oct 30th 2019, Interswitch acquired eClat Healthcare for an undisclosed amount just the way they didn't make known the amount used in acquiring Paynet, eClat Healthcare is a company that specializes in assisting healthcare service providers in planning, designing and operating their unique practices through the deployment of its bespoke healthcare technology platform, designed specifically for the healthcare environment.

All of these acquisitions are gotten to build the capital base and to expand the growth of the company.