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    Saudi Central Bank Launches Instant Payment System Sarie

    Saudi Central Bank Launches Instant Payment System Sarie

    QIB and HSBC Seal the First Islamic Trade Facility Deal at $100 Million

    QIB and HSBC Seal the First Islamic Trade Facility Deal at $100 Million

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  • Banking
    Saudi Central Bank Launches Instant Payment System Sarie

    Saudi Central Bank Launches Instant Payment System Sarie

    QIB and HSBC Seal the First Islamic Trade Facility Deal at $100 Million

    QIB and HSBC Seal the First Islamic Trade Facility Deal at $100 Million

    Commercial Bank Launches New Payment Feature Through Wearables

    Commercial Bank Launches New Payment Feature Through Wearables

    Kenanga Investment Bank Acquires i-VCAP Management

    Kenanga Investment Bank Acquires i-VCAP Management

    Qatar Islamic Bank Brings New H2H Payment Management Solutions for Corporate Customers

    Qatar Islamic Bank Brings New H2H Payment Management Solutions for Corporate Customers

    Bank ABC Signs Acquisition Deal with Lebanese BLOM Bank for $480 Million

    Bank ABC Signs Acquisition Deal with Lebanese BLOM Bank for $480 Million

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    Howden and Steadfast Join Hands to Launch Australian Broking Operation

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    BeGroup & VPBank Join Hands to Launch New E-Banking Solution

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    Papua New Guinea with $250 Million COVID-19 Loan ADB Supports

  • Finance
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    Malaysia Aviation Group Obtains Approval for RM3.6 Billion Capital

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    Turkey: Behavioral Pattern of FDI in 2020

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    PayNow Collaborates with Three E-Wallet Companies for Seamless Fund Transfer

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    Visa Collaborates with Pliant, Launches Business Credit Card in Germany

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    Kuwait-based Agility Invests $35 Million in Queen’s Gambit Growth Capital

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    Siemens Healthineers Collaborates with British Hospital Operator in $169 Million Deal

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    Kuaishou Technology All Set to Raise $5.4 Billion in IPO

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    Tower Capital Asia Raises $250 Million on First Closing on Southeast Asian Fund

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    China Economy Rises 2.3% in 2020 From Coronavirus Gains

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    Huawei Launches Regional Center for Asia-Pacific Region

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    MLL Telecom to Provide Broadband to The Kemnal Academics Trust

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    Facebook News Launches in the U.K. With New Local and National Partnerships

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    UK and Japan Sign £12M Worth Nuclear Decommissioning Deal

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    Ethio Telecom Reports 12% Growth in H1 Revenue Worth $693 Million

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    Nokia Bags 5G Contract from Proximus Luxembourg

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    Cisco Acquires Two European Companies to Boost User Engagement

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    Amazon Launches IP Accelerator for SMBs Across Europe

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    US Government Grants Qualcomm Permission to Sell 4G Chips to Huawei

  • Insurance
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    Aviva Sells French Operation to Aéma Groupe for €3.2 Billion

    Insurtech Igloo Joins Hands with Surety Broker Philinsure

    Insurtech Igloo Joins Hands with Surety Broker Philinsure

    Apax Partners Acquires PIB Group from Carlyle Group Ownership

    Apax Partners Acquires PIB Group from Carlyle Group Ownership

    QIIG and SAP Partner up on Digital Transformation Deal

    QIIG and SAP Partner up on Digital Transformation Deal

    UnitedHealth’s Optum Signs Acquisition Deal for Change Healthcare for $13 Billion

    UnitedHealth’s Optum Signs Acquisition Deal for Change Healthcare for $13 Billion

    Prudential Vietnam and SeABank Extend Bancassurance Partnership

    Prudential Vietnam and SeABank Extend Bancassurance Partnership

    French Insurer AXA Sells Gulf Business for $269 Million

    French Insurer AXA Sells Gulf Business for $269 Million

    Aviva Plc Sells Italian Life Insurance Venture to Partner UBI Banca

    Aviva Plc Sells Italian Life Insurance Venture to Partner UBI Banca

    Beazley Launches Specialized Commercial Insurance Solutions in Latin America

    Beazley Launches Specialized Commercial Insurance Solutions in Latin America

  • Energy
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    Japanese Energy Firm Mitsubishi to Provide Wind Power to Amazon’s European Facilities

    UAE Institutions Join World Logistics Passport to Foster Trade Growth

    UAE Institutions Join World Logistics Passport to Foster Trade Growth

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    BIS Launches Second Green Bond Investment Fund for Central Banks

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    DP World Signs Agreement to Develop New Superport in Senegal

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    Macquarie Approves £3 Billion Funding of U.K. Green Projects

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    PT PJBI and Masdar Establish Joint Venture for First Indonesian Floating Solar Power Plant

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    Petrobras Emphasizes Carbon Cuts as Equinor Considers Offshore Renewables

    Abu Dhabi Gives Green Signal to ADNOC to Bolster Muruban Futures

    Abu Dhabi Gives Green Signal to ADNOC to Bolster Muruban Futures

    Australia’s NSW Reveals $23 Billion Renewable Energy Boost

    Australia’s NSW Reveals $23 Billion Renewable Energy Boost

  • Real Estate
    Aegon AM Launches U.K. Real Estate Fund for DC Pension Investors

    Aegon AM Launches U.K. Real Estate Fund for DC Pension Investors

    Abu Dhabi and Aldar Properties Join Hands to Develop $12.25 Billion Worth of Projects

    Abu Dhabi and Aldar Properties Join Hands to Develop $12.25 Billion Worth of Projects

    What Brexit Means for Property Market: Key Issues in 2021

    What Brexit Means for Property Market: Key Issues in 2021

    BNP Paribas REIM Acquires Nursing Home Property for European HPF Fund

    BNP Paribas REIM Acquires Nursing Home Property for European HPF Fund

    Alter Domus Partners with Yardi to Improve Real Estate Operations

    Alter Domus Partners with Yardi to Improve Real Estate Operations

    Abu Dhabi’s ADQ and Aldar Sign MoU for Emirate’s Projects

    Abu Dhabi’s ADQ and Aldar Sign MoU for Emirate’s Projects

    Invesco Real Estate Acquires GAM Investment Property Debt Fund Finance

    Invesco Real Estate Acquires GAM Investment Property Debt Fund Finance

    Aviva Investors to Invest GBP 10 Billion into UK Real Estate for Next Three Years

    Aviva Investors to Invest GBP 10 Billion into UK Real Estate for Next Three Years

    Saudi Arabia Imposes 5% Tax, Exempts VAT from Property Deals

    Saudi Arabia Imposes 5% Tax, Exempts VAT from Property Deals

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African FinTech Firm Interswitch to Resume Venture Fund Afresh

The firm is all set to invest in the finance and startup environment after a hiatus

The Global Economics by The Global Economics
September 17, 2020
in Finance, Trending
Reading Time: 1min read
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African FinTech Firm Interswitch to Resume Venture Fund Afresh

African FinTech Firm Interswitch to Resume Venture Fund Afresh

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After accelerating the digital payments in Africa for over a decade, #AfricanFinTech company #Interswitch has decided to encourage its corporate venture afresh, as discussed by CEO Mitchell Elegbe at Disrupt 2020.

Switching into high-volume business as well as personal finance, Interswitch will now be resuming investments in African countries, according to Elegbe. Some of its backers include #Helios Investment Partners and IFC.

In a statement, #Elegbe said that the business will gear up with acquisitions and investments again soon, all while leveraging its network and selective investments.

The firm acquired unicorn status last year after a $200 million equity investment by #VTech. One of the major milestones of the firm is its venture arm called #ePayment Growth Fund, launched in 2015.

Interswitch has come a long way in pioneering the digitization landscape of Nigeria, supplying rails for the country’s online banking system that serves over 200 million citizens. With time, the firm delved into supplying enterprise as well as private fee merchandise in over 23 nations in the continent.

In conclusion to the Disrupt 2020 session, Elegbe shared his perspective on the possibilities of doing business in Nigeria, the boom of startups, and VC investment in recent years.

Tags: AfricanFinTechElegbeePaymentHeliosInterswitchVTech

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The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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