#17: Interswitch - How the pioneering Nigerian FinTech & payments platform became one of the most valuable private companies in Africa
November 30, 2020
17
01:16:03174.1 MB

#17: Interswitch - How the pioneering Nigerian FinTech & payments platform became one of the most valuable private companies in Africa

Overview: Today, we’re going to talk about Interswitch, the African fintech payments company, we'll discuss its founding, early history, growth, place in the broader African fintech ecosystem & end with our views on its future outlook. This episode was recorded on Nov 29, 2020.


Companies discussed: Interswitch, Telnet, Visa, Helios Investment Partners, Stripe, Flutterwave, Paystack & Jumia Pay


Business concepts discussed: Nigerian Payments ecosystem, payments partnerships strategy, card networks, payments infrastructure, low-end disruption, banking regulation & payments M&A strategy


Conversation highlights:

  • (02:40) - Why Interswitch is important
  • (10:50) - Nigeria payments ecosystem and pre-Interswitch context
  • (18:12) - Interswitch founding
  • (22:40) - Interswitch fundraising from Helios, Visa etc and expansion
  • (34:24) - Interswitch competition across Nigeria’s payment landscape
  • (40:34) - Interswitch today - size, financials, margins
  • (45:17) - Interswitch relative to competitors
  • (56:37) - Bankole’s general thoughts and outlook
  • (1:02:15) - Olumide’s general thoughts and outlook
  • (1:04:15) - Recommendations, small wins and open questions


Olumide’s recommendations, small wins & open questions:


Bankole’s recommendations, small wins & open questions:


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