Tunde Kehinde and Ercin Eksin, the Co-Founders of ACE.ng, have signed an investment contract with Founder and CEO of Interswitch, Mitchell Elegbe.
ACE.ng, Interswitch sign contract
Africa Courier Expresss (ACE.ng) and Interswitch signed the $850, 000 investment contract which was part of Interswitch $10 million ‘ePayment Growth Fund’.
Contract signing
ACE.ng was launched in November 2013 by Tunde Kehinde and Ercin Eksin, ACE currently provides reliable third-party logistics, tracking and pay-on-delivery (cash and electronic) services for retail businesses in Nigeria.
Since launch, ACE has established physical presence in 5 cities across Nigeria, has shipped to almost 100,000 customers, and is currently supporting a number of blue chip clients and is experiencing growing demand for its services across several sectors.
Interswitch Limited is an electronic transaction switching and payment processing company with a business footprint that covers the provision of shared, integrated message broker solutions for financial transactions, e-commerce, telecoms value-added services and e-billing in the Nigerian environment.
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The company is an independent, private sector led, limited liability Company focused on facilitating the exchange of value between service providers (financial, telecommunications and utilities), merchants, their customers, & other stakeholders on a timely and continuous basis nationwide.
Both companies have obviously done good things, so this contract should be the birth of better things for both of them.
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