Paystack
Paystack is a technology company providing payment processing software for businesses across Africa, facilitating secure local and global transactions.
- Founded
- 2015
- Headquarters
- Lagos, Nigeria
- Employees
- 500
- Sector
- Fintech
About Paystack
Founded in Lagos, Nigeria, Paystack develops technology to simplify payment collection for businesses of all sizes, from startups to large corporations. The company provides a suite of tools including well-documented APIs, automated fraud detection, and detailed reporting dashboards to help organizations manage their financial operations and customer retention.
In October 2020, the company was acquired by Stripe for over $200 million, marking one of the largest fintech acquisitions in the African market. Paystack continues to operate as a growth engine for the continent, processing a significant portion of Nigeria's web payments while expanding its digital infrastructure to support a new generation of profitable African enterprises.
What they do
Paystack provides a payment gateway that allows merchants to accept payments via cards, bank transfers, USSD, and mobile money. It also offers tools for identity verification, recurring billing, and automated transfers through its developer-friendly API.
Highlights
- Acquired by Stripe in 2020 for more than $200 million.
- Serves over 200,000 businesses including global brands like FedEx, UPS, and MTN.
- Processes over 50% of all web payments in Nigeria as of late 2020.
- First Nigerian company to participate in the Y Combinator startup accelerator.
- Launched Paystack Index to enable AI-driven commerce via agents like ChatGPT and Claude.
- Automatically routes transactions through optimal channels to ensure high success rates.
Talent and hiring
The company employs a diverse team across product, engineering, growth, design, and revenue functions. Notable roles include engineering leads, product managers, and commercial growth specialists.
Get a shortlist in 4 daysMore in Fintech
M-Kopa
M-KOPA is a fintech platform providing underbanked consumers in Africa with credit for smartphones, electric mobility, and digital financial services.
Ozow
Ozow is a South African fintech providing an automated EFT payment gateway that enables secure, cardless bank-to-bank transactions for merchants and consumers.
Wave
Wave is a financial technology company providing affordable mobile money services, including transfers, bill payments, and airtime purchases across Africa.