US payment firm eyes Africa’s e-commerce in $200m acquisition of Nigeria’s Paystack

Paystack founders, Shola Akinlade (CEO) and Ezra Olubi (CTO)

US-based global payment company Stripe has on Thursday acquired Nigerian payment company Paystack in a deal reportedly worth around $200 million. The deal seals about two years of co-existing as partners by the two companies. Stripe had led Paystack’s Series A financing round and provided guida

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Frank Eleanya

Senior Analyst: Technology