Interswitch

Active#4 in Nigeria

Payment switching and cards

Fintech›payment switching and cards

Founded2002

HQLagos

RaisedUndisclosed amount

Last roundStrategic equity · May 2022

Country of originNigeriaListed in the Nigeria ranking

Where would you invest?HQ LagosJurisdiction as cited by the ranking

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Nigeria · all sectors	Top 15	#4	Edition 0 – beta · October 2026	8 Oct 2026

Rank historyOct 2026 · #4First edition: no movements yet.

Estimated valuation

AI · Nigeria ranking

≈ USD 570MUSD 380–850M · Hundreds of M$ Medium confidence

Hundreds of k$

Millions $

Tens of M$

Hundreds of M$

Unicorn

Decacorn

Anchor: Last known equity round: Strategic equity · USD 110M · May 2022
Published valuation: USD 1bn · May 2022 · older than 24 months, shown for reference
AI adjustment: None

An indicative editorial estimate produced by AI, imperfect by nature: neither a financial valuation nor investment advice. Only the market sets a company’s value. Method

Funding history

Undisclosed amount raised in total

Date	Round	Amount	Type	Investors	Source
May 2022	Strategic equity	USD 110M	Equity	LeapFrog Investments, Tana Africa Capital	techcabal.com

Rounds as cited by Uback’s rankings and their sources. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Independent analyses

By industry professionals & analysts

Industry professionals and financial analysts can publish their own analysis of Interswitch as a PDF, on one of three angles only:

ValuationWhat is Interswitch worth?

Versus competitorsIs #4 the right rank?

Who should acquire itStrategic buyers, and why

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Analyses are the opinion of their authors, not of Uback. They are checked before publication and never change the rank.

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What the AI reads

Press & investor announcements1 source

Read by the AI at the next edition.

Comparable companies in Nigeria

Full Nigeria ranking →

Flutterwave#1Fintech › payment gateway and cross-border paymentsUnicorn OPay#2Fintech › mobile money and walletUnicorn Moniepoint#3Fintech › SME and agent bankingUnicorn PalmPay#5Fintech › mobile money and walletHundreds of M$

Investors in Interswitch: LeapFrog Investments · Tana Africa Capital

Sources. techcabal.com

Last updated: Oct 2026Report an error

Uback is a content publisher. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.