Fintech

Paystack

Company Logo
SaaS Segment
Online payments for African markets / Payment gateway
Country
ICP Buyer / User
SMEs, merchants in Africa, e-commerce businesses

Paystack was born in Nigeria to solve the difficulty of accepting online payments in Africa, quickly becoming a catalyst for the continent’s digital economy. Its story is marked by the development of an impeccable technical infrastructure that allowed thousands of businesses to receive local and international payments securely and easily for the first time.

Paystack’s success culminated in its acquisition by Stripe, reinforcing its narrative as the gold standard for payments in emerging markets. By focusing deeply on the specific needs of African developers and merchants, they built a platform that drives economic growth by connecting local businesses with the global market.

The platform is often cited alongside its parent company Stripe and is a key component for modern businesses that use cloud-native cores like Mambu to scale operations across Africa.

Tech stack used by 

Paystack

Payment gateway and processing, local currency & method support, SaaS model for African merchants and startups

Funding Stage

Growth-stage Private (acquired by Stripe but still active)

40M+ users / N1 trillion monthly volume (July 2024)
Customers using 
Paystack

Not publicly disclosed

Yearly Revenue
2015
Founding Year

Other 

Fintech

-related SaaS

Wise
Fintech
Bolt Financial
Fintech
Mambu
Fintech
Revolut
Fintech
Klarna
Fintech
Plaid
Fintech
Adyen
Fintech
Checkout
Fintech
Stripe
Fintech
Explore more of our work

Ready to launch?

Book a call and get a clear plan in 5 days.

Book a call