Interswitch Limited and Visa Inc. have announced the acquisition of a significant minority stake in Interswitch Limited by Visa Inc. Now valued at US$1 Billion, Interswitch Limited is unarguably Nigeria’s largest fintech company with large footprints across Africa, while Visa Inc. is the world’s leading multinational financial services company.

This strategic investment will see both companies “provide new consumer and merchant experiences and support the rapid growth of digital commerce across Africa.” 

We are pleased to have played a significant role as advisers to Interswitch Management (comprising Interswitch founder as well as its managers) in the transaction. The ACAS-Law team was led by Ben Unaegbunam, Partner, and assisted by Dr Sanford Mba, Senior Counsel, both of the Corporate/Commercial practice group of the firm.