Interswitch

Few fintech players in Sub-Saharan Africa match the executional depth of Interswitch. From Lagos, the group manages a workforce of approximately 2k and generates close to $1B in revenue, while steadily widening the gap with regional peers.

Management's emphasis on operational discipline — tight working capital, focused capex, clearer ESG roadmaps — is increasingly visible in margin trajectory.

“Interswitch is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.