Paystack

About us

Paystack is a Nigerian financial technology company that offers payment processing services to businesses and was acquired by Irish-American financial services company Stripe for $200M in 2020. Its headquarters is located in Lagos, Nigeria.

Paystack lets businesses in Africa accept payments by anyone, anywhere in the world via credit card, debit card, money transfer, and mobile money on their websites or mobile apps. It specializes in the fields of financial services, the Internet, and payments. The company was founded in 2015 and is headquartered in Ikeja, Lagos.

Our History

Paystack was founded in 2015 by Shola Akinlade and Ezra Olubi who met at Babcock University and worked in banking and IT before founding Paystack. In November 2015, it became the first Nigerian company to be accepted into the startup accelerator Y Combinator. It expanded to Ghana in 2018, South Africa in 2021 and Kenya in 2023.

In 2016, it raised $1.3M seed funding from Tencent and other investors. In 2018, it raised $8M in a Series A funding led by Irish-American financial services company Stripe. It was acquired in 2020 by Stripe for $200M in a bid to extend Stripe’s reach in Africa.

Before the acquisition, Paystack was reported to have been used by over 60,000 businesses in Nigeria and Ghana to collect online and offline payments.

Our Vision

Our vision is to make it easier for Africans to build global businesses that can make and accept payment, anywhere around the world.

Our Mission

Paystack’s core mission is revolutionizing how businesses in Africa accept payments and manage transactions, ultimately driving growth and economic development across the continent.
Paystack aims to empower businesses of all sizes to thrive in the digital economy by providing a seamless, secure, and user-friendly payment platform.

Their commitment to innovation and customer success has positioned Paystack as a leading force in Africa’s fintech industry, fostering financial inclusion and unlocking new opportunities for businesses and individuals alike.

Core Values

Integrity: Paystack values honesty and transparency, and strives to maintain the highest ethical standards in all aspects of its operations.

Customer obsession: Paystack is dedicated to providing exceptional customer service, and goes above and beyond to meet the needs of its clients.

Ownership: Paystack empowers its employees to take ownership of their work and make decisions that drive the company’s success.

Continuous improvement: Paystack is committed to constantly improving its products and services, and encourages its employees to innovate and find new ways to enhance the customer experience.

Our Services

Paystack enables you to accept payments from customers using different payment channels such as cards, mobile money accounts, and QR codes, directly from their bank account or USSD.
It provides Nigerian retailers with a range of tools and services necessary for effectively running their online businesses.

Our Business Model

Online Payment System: This is designed to provide the best payment experience for your customers. You can easily receive money from anywhere in the world and even make transfers in single or bulk to other accounts.
Paystack Starter Business: for merchants who haven’t registered their business with regulators in their country. These merchants test their ideas with real customers, while they prepare to scale and register their companies.
POS transactions

Our Teams

• Engineering
• Design
• Business
• Revenue
• Growth
• Product
• ⦁ Customer Representative