Paystack
Payments infrastructure for Africa
About Paystack
Paystack is the payments infrastructure backbone for Africa, enabling businesses across the continent to accept online and offline payments seamlessly. Acquired by Stripe for $200M, Paystack continues to operate independently, processing billions in transactions annually for 60,000+ businesses in Nigeria, Ghana, Kenya, and South Africa.
Pitch deck breakdown
How Paystack would pitch themselves.
Target customer
Africa — the core audience Paystack's product is built around.
Problem they solve
Paystack is the payments infrastructure backbone for Africa, enabling businesses across the continent to accept online and offline payments seamlessly. Acquired by Stripe for $200M, Paystack continues to operate indepen… The category has historically been served by tools that miss the modern workflow this product is built around.
Key differentiator
Paystack differentiates on payments infrastructure for africa. Backed by Stripe + Visa, $200M raised — the company has resources + validation to compound this thesis. Founded by Shola Akinlade + team.
Go-to-market strategy
Combined sales + product-led growth approach typical for Fintech companies at this stage — direct sales for higher-ACV deals, self-serve for SMB adoption, and content + community for top-of-funnel.
Paystack website preview
Company facts
- Category
- Fintech
- Funding stage
- Acquired
- Total raised
- $200M
- Founded
- 2015
- Team size
- 200–500
- HQ
- Lagos
- Country
- Nigeria
- Website
- paystack.com
Founders of Paystack
- Shola Akinlade
- Ezra Olubi
Investors backing Paystack
- Stripe
- Visa
- Y Combinator
Frequently asked questions
What does Paystack do?
Paystack is the payments infrastructure backbone for Africa, enabling businesses across the continent to accept online and offline payments seamlessly. Acquired by Stripe for $200M, Paystack continues to operate independently, processing billions in transactions annually for 60,000+ businesses in Nigeria, Ghana, Kenya, and South Africa.
Where is Paystack based?
Paystack is based in Lagos, Nigeria.
When was Paystack founded?
Paystack was founded in 2015.
How much has Paystack raised?
Paystack has raised $200M in their Acquired round.
Who founded Paystack?
Paystack was founded by Shola Akinlade, Ezra Olubi.
Who has invested in Paystack?
Paystack is backed by Stripe, Visa, Y Combinator.