Africa: Interswitch Receives $110m Investment From Leapfrog and Tana Africa Capital

12 May 2022
TechCrunch (San Francisco)
By Annie Njanja Tage Kene-Okafor

African payments company Interswitch has secured a $110 million joint investment from LeapFrog Investments and Tana Africa Capital to scale its digital payment services across the continent, the two private investment firms said in a statement Wednesday.

Interswitch didn't confirm the amount it received from the firms. "The exact terms of the transaction haven't been disclosed. We can't comment on that for now," a spokesperson for the company said to TechCrunch when asked about the investment and Interswitch's new valuation.

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