Stripe acquires Nigerian fintech company, Paystack, in deal reportedly worth 'over $200m'

📆 10/15/2020 6:26 PM
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Paystack is a tech company that provides a quick way to integrate payments services into an online or offline transaction by way of an API.

The fintech company currently boasts of around 60,000 customers, including small businesses, larger corporates, educational institutions and online companies.”, refers to any business that uses technology to enhance or automate financial services and processes.

Stripe, valued at $36 billion, had added over 17 countries to its platform in the last 18 months. The company is also looking towards markets across Africa for future growths. Patrick Collison, Stripe’s co-founder and chief executive officer, said there is an enormous opportunity on the African continent.

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