Paystacks

Paystack is a Nigerian fintech company that provides a payment processing service for businesses. Founded in 2015 by Shola Akinlade and Ezra Olubi, Paystack aims to make it easier for businesses in Africa to accept payments online and in person. The platform integrates with various channels, including websites, mobile apps, and physical stores, allowing businesses to process payments from credit and debit cards, bank transfers, and mobile money.

The company offers a suite of tools designed to simplify financial operations for merchants. These include features for recurring payments, subscription management, and detailed transaction reporting. Paystack's infrastructure is built to handle a high volume of transactions, ensuring reliability and security for both businesses and their customers. In 2020, Stripe, a global payment processing giant, acquired Paystack for a reported $200 million, marking one of the largest tech acquisitions in Africa at the time. This acquisition has enabled Paystack to expand its services and reach into new markets across the continent. Paystack's mission continues to be empowering African businesses with modern and efficient payment solutions.