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Paystack

Online payments for African markets / Payment gateway

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The Journey

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 & infrastructure

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

Paystack screenshot
Paystack screenshot
Paystack screenshot
Paystack screenshot

2015

Founded

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

Funding stage

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

Users

Not publicly disclosed

Revenue

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