Mentioned Companies:

Stripe-Owned Paystack Processes Online Card Payments in Africa

More than 60,000 online merchants, most based in Nigeria, use Paystack to process card payments. The company launched in 2016. A year later, it received $8 million in a Series A funding round led by Stripe, which also included Visa and Tencent. Last year, Stripe acquired Paystack for more than $200 million. Paystack has a similar tech-driven strategy to Stripe. It created a quick and easy way for merchants to accept payments online. New customers can begin to accept card payments within an hour. Merchants connected to platforms including Shopify, OpenCart, Magento, Squarespace and others ca...

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