Stripe Acquires Nigeria’s Integrated-Payment Service Firm, Paystack For $200m

Paystack has been acquired by Stripe for $200 million, Techcrunch reported on Thursday.

The Lagos-based firm, which provides integrated payment services for financial transactions, has around 60,000 users, Techcrunch said, including small businesses, larger corporates, fintechs, educational institutions and online betting companies.

Despite the acquisition, Paystack will continue to operate independently, the report said of the deal whose terms were not immediately disclosed.
Paystack’s deal was touted as the biggest startup acquisition out of Nigeria to date and also the biggest for Stripe.

The development has been widely cheered amongst Nigerians, including former Vice-President Atiku Abubakar who tweeted about it on Thursday afternoon.

---

Advertise or Publish a Story on EkoHot Blog:

Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.

Citizen journalists will receive a token as data incentive.

Call or Whatsapp: 0803 561 7233, 0703 414 5611