Tag: Stripe

Stripe Acquires Paystack

Stripe Acquires Paystack

Business, FinTech, Mobile, Startups
  Payment processing giant Stripe has acquired Nigerian startup Paystack in a $200M+ deal. Stripe seeks to expand into the African Market in its bigger strategy announced earlier this year to expand its API- based payment processing services to more regions. Paystack, like Stripe offers online payment integration services using APIs to facilitate transactions. To date, Paystack has approximately 60 000 customers ranging from small businesses, fintechs to large corporations. The acquisition makes it the biggest startup acquisition in Nigeria as well Stripes biggest acquisition to date. Valued at $36 Billion, Stripe is actively expanding its global presence through acquiring smaller companies in different regions. In the last 2 years, stripe has expanded its operations t...