Interswitch Launches $10M Fund to East Africa Digital Payment Startups

Interswitch East Africa CEO Paul Ndichu

Pan-African payments company Interswitch Group has announced the extension of a US$10 million ‘ePayment Growth Fund’ (KSH 1 Billion) specifically targeting any African startup at growth stage that has come up with disruptive concepts within the digital commerce payments industry in Africa.

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“This fund is intended to serve as a catalyst for funding innovation and disruptive business concepts within the digital payment and commerce industry across Africa”. said Interswitch East Africa (K) Chief Executive Paul Ndichu.

The company is looking to collaborate with African entrepreneurs and startups that are developing innovative products that empower Africans to participate in emerging payment ecosystems.

“Any African startup at any stage of growth that has a disruptive concepts with a proven business model within digital payments & commerce industry in Africa. In other words, yes your startup can qualify, provided it can impress the investors’ said Mr Ndichu.

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