Business
Top 10 Nigerian Tech CEOs
Mitchell Elegbe (Interswitch) – An idea ran through Mitchell Elegbe’s ingenious mind while still heading the Group Marketing and Business Solution at Telnet Nigeria in 2001. It was to build a system that would enable electronic transaction of money. A year later, Elechi had founded Interswitch.
Today, Interswitch not only has the infrastructure for online, real-time transaction switching and payment processing, its shared infrastructure has been adopted by banks, government agencies and corporate organizations to accelerate growth while reducing cost of operations.
The growth of the company and the future such growth holds encouraged investors to join Elegbe’s Interswitch success story. Helios Investment Partners, International Finance Corporation and Adlevo Capital acquired over 60 percent of the company’s shares in 2010, retaining the goal-getter, Mitchell as CEO and driver of the Interswitch train to the great future they see ahead.
Source: Ventures Africa
