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  5. InterSwitch Acquires Paynet Kenya

M&A Deal Summary

InterSwitch Acquires Paynet Kenya

On September 17, 2014, InterSwitch acquired information technology company Paynet Kenya

Acquisition Highlights
  • This is InterSwitch’s 1st transaction in the Information Technology sector.
  • This is InterSwitch’s 1st transaction in Kenya.

M&A Deal Summary
Date 2014-09-17
Target Paynet Kenya
Sector Information Technology
Buyer(s) InterSwitch
Deal Type Add-on Acquisition

Target

Paynet Kenya

Nairobi, Kenya
Paynet Kenya Ltd. is a provider of e-banking services and solutions for the financial sector.

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Buyer(S) 1

Buyer

InterSwitch

Victoria Island, Nigeria
Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

InterSwitch is an integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations on a timely and consistent basis. InterSwitch was founded in 2002 and is based in Victoria Island, Nigeria.

DEAL STATS #
Overall 1 of 2
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Kenya M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 VANSO Nigeria

Lagos, Nigeria

VANSO Nigeria Ltd. is a financial technology provider focused on delivering cutting edge and innovative solutions. Through our proprietary payments (MIMO), banking and messaging (VCP) platforms we deliver highly secure, world class solutions for our clients.

Buy $75M
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