News from TechCrunch suggest that Interswitch, the Nigerian fintech firm that is powering payments on the continent, may be going public by listing on the London Stock Exchange some time this year. If that happens, it will be, in the words of TechCrunch’s Jake Bright, “Africa’s first billion-dollar tech IPO”. http://techcrunch.com/2016/01/28/nigerian-fintech-company-interswitch-could-become-africas-first-public-startup-unicorn/
Interswitch bought Kenya’s Paynet and recently started operations in the country. Read more about Interswitch in our extensive coverage of the company here.