Paystack

Africa's leading payment infrastructure

Nigeria's largest payment infrastructure company. Paystack powers online payments for over 200,000 businesses across Nigeria, Ghana, South Africa, Kenya, and Egypt. Acquired by Stripe in 2020 for ~$200M - the largest African tech acquisition at the time.

Facts about Paystack

Company type: Fintech
Funding stage: Acquired
Founded: 2015
Founders: Shola Akinlade, Ezra Olubi
Headquarters: Lagos, Nigeria
Markets: 🇳🇬NigeriaPan-African
Total disclosed funding: ~$200M (acquired by Stripe)
Valuation: ~$200M (acquired by Stripe 2020)
Key investors: Stripe (acquirer, 2020), Visa, Tencent, Y Combinator, Comcast Ventures