Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent – TechCrunch
When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming good on that plan in the form of some M&A. Stripe is acquiring P…
techcrunch.com
Congrats Shola, and welcome to Stripe! This is the second big acquisition for an IH podcast guest in the past few days. Segment was acquired by Twilio for $3B earlier this week, so congrats to the Segment guys as well.
Echoing the congrats to the Paystack team!
@csallen now that they are part of Stripe I’m guessing you’ll get Shola & co to create a formal presence on here to sell payments to Africa-focused IH?
The Paystack podcast episode was definitely one of my favorites
This is great news for PayRequest as a verified Stripe partner.
We really hope we can serve more customers in Africa thanks to this aquistation.
Congrats!
This is a great counter story prevalent "focus on marketing and charge more" advice. Paystack made something a lot of people wanted, even though it was a difficult product to build.
They were one of my very favorite IH podcasts, too.
This is a great! Awesome news for @Shollsman. I remember listening to his interview with @csallen in 2018. It shows what greatness can come from determination in ANY market. Congrats!
Wish Stripe were public!
Payday for all the Nigerian Princes :P
This is impressive. Ezra has been hacking payments for the longest time
I think you are giving Ezra (Paystack CTO) a bit too much credit for a team effort considering he has a technical cofounder in the person of his former classmate Shola, Paystack CEO.
I believe Ezra first rodeo in payments was as a lead developer at an ill-fated startup before he moved on to other things. It was Shola who offered Ezra to join Paystack from Delivery Science/Field Insight as a co-founder & CTO, once his YC application was accepted and was advised he’ll need a co-founder to complete YC and help shoulder the significant company-building task that lay ahead.
LOL. What were you thinking?
I am happy for the whole team which Shola of course leads. Everybody who was part of it from the moment they went to Ycombinator , thank you guys for making the first Nigerian YC team a resounding success. Everybody on that team carried their weight to make this happen.
I don't know Ezra personally and I'm not a Paystack insider. And I can chose to find inspiration in the journey of a fellow developer who went from "ill-fated start-up" to success.
OK but your original framing painted a lone coder story instead of the team story that it is.