Showing 1 results for:


by Topic

All results

Stripe Acquires Nigerian Startup Paystack to Accelerate Online and Offline Commerce Across Africa

Stripe just acquired Paystack , a startup out of Lagos, Nigeria that provides a faster way to integrate payments services into an offline or online transaction by way of an API. View this post on Instagram A post shared by Paystack (@paystackhq) TechCrunch reports earlier this year, Stripe announced they had picked up an additional $600 million in funding and is standing on its reason – to expand its API-based payments services into more geographies. Currently, Paystack has around 60,000 customers which include fintechs, educational institutions, larger corporates, and online betting companies. According to the company, their plan is to continue to operate independently. While the terms of the deal have not been disclosed — according to TechCrunch — sources close have confirmed that it’s over $200 million. The new deal is Stripe’s largest acquisition to date anywhere, and the biggest startup acquisition — to date — to come out of Nigeria. “There is enormous opportunity,” said...

Oct 15, 2020