
Paystack
Modern online and offline payments for Africa
Quick facts
- Headquarters
- Lagos, Nigeria
- Founded
- 2015
- Team size
- 201–500 employees
- Funding stage
- Series C+
- Website
- paystack.com
About Paystack
Paystack is a technology company that provides payment infrastructure for businesses across Africa, enabling them to accept payments from customers globally. The platform supports a wide variety of payment methods including credit and debit cards, bank transfers, USSD, mobile money, and POS systems. By offering well-documented APIs, Paystack allows developers and business owners to build custom payment experiences ranging from simple one-time transactions to complex recurring billing models for large-scale financial products. Beyond simple payment processing, the company provides tools for automated fraud detection, identity verification, and detailed reporting to assist with accounting and audits. It serves a diverse range of clients from small startups and individual entrepreneurs to large corporations and government organizations. As a growth engine for the continent's digital economy, the company focuses on ensuring high transaction success rates by automatically routing payments through optimal channels. The service is designed to be enterprise-ready with security certifications and a robust technical stack that integrates with various fintech platforms.
Paystack operates as a central payment gateway that simplifies how African businesses receive money. Headquartered in Lagos, Nigeria, the company focuses on removing the technical barriers to commerce by providing easy-to-integrate tools for online and offline transactions. The platform is engineered to support global brands entering the African market as well as local enterprises looking to scale their operations through modern digital financial services.
The company has expanded its reach beyond its initial Nigerian operations, establishing a presence in markets such as Ghana and Kenya. By securing a microfinance bank license and forming strategic partnerships with global financial entities like Stripe and Visa, Paystack has evolved into a comprehensive fintech provider. Its infrastructure is trusted by hundreds of thousands of organizations to manage high volumes of secure transactions daily.
What they do
Paystack provides payment processing infrastructure that allows businesses to collect payments through cards, bank transfers, and mobile money. The company serves entrepreneurs, large corporations, and global brands by providing documented APIs for custom integrations and a dashboard for financial reporting.
Products and service lines
Highlights
- Trusted by over 200,000 businesses across Africa
- First Nigerian startup to be accepted into Y Combinator
- ISO/IEC 27001 certified for information security
- Supports payment methods including Apple Pay, Visa QR, and USSD
- Expanded operations into Kenya through partnerships with Pesalink and Equity Bank
- Acquired a microfinance bank license to offer merchant financing
Talent and hiring
Paystack recruits highly technical and customer-oriented talent to build and support its continental payment infrastructure. The company frequently targets developers and financial experts who can manage complex fintech integrations and regional expansion packages.
Services
Countries of operation
Funding and scale
The company employs between 200 and 500 people and generates annual revenue in the tens of millions of dollars.
Markets served
Customers
- MTN
- Bolt
- Domino's Pizza
- AXA Mansard
- Air Peace
- Kuda
- PiggyVest
Research sources
Industries served
- Retail
- SaaS
- Education
- Financial Services
Languages
- English
Certifications
- PCI DSS Level 1
What Paystack has shipped
MTN Nigeria
Scaling merchant payments for Africa's largest telco
Paystack powers online recharge and bill payment for MTN Nigeria's consumer app — millions of transactions monthly.
Outcome: Sub-second confirmation, 99.98% uptime
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