Lagos-based fintech firm, Paystack, acquired for $200m by Stripe

Lagos-based fintech firm, Paystack, acquired for $200m by Stripe

Stripe has acquired Paystack, an e-payment startup based in Lagos, Nigeria for a sum in excess of $200 million, TechCrunch reported on Thursday. The report added that the move is a critical step in Stripe’s plan to penetrate the African e-payment market. Paystack and Stripe share similarities such as the provision of a quick way to integrate payments services into an online or offline transaction by way of an API Paystack currently has around 60,000 customers, including small businesses, larger corporates, fintechs, educational institutions, and online betting companies, and the…

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