Stripe announced plans to acquire Paystack for about $200M, making Paystack a Stripe company.
SourcePublic company, workplace, funding, and market signals
Updated Jul 29, 2026
Paystack is a Stripe-owned African payments infrastructure company founded in Lagos in 2015. It helps businesses accept online and offline payments and provides APIs, checkout, fraud controls, and merchant tools for growth.
Primary product
Payment processing / payment gateway platform for online and offline commerce
Founded
2015
Headquarters
126 Joel Ogunnaike Street, Ikeja GRA, Ikeja, Lagos, Nigeria
Team size
200-300
Work style
Flexible
Industry
Software Development
Sub-industry
Payments infrastructure / fintech
Offices
0 jobs at Paystack
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Business model
Stage
Acquired by Stripe
Total raised
$11.8M
Latest round
Series A · Aug 2018
Latest amount
$8M
Aug 2018 · Stripe
Dec 2016
Mar 2016 · Y Combinator
Leadership
Co-founder & CEO
Head of Product
Head of Banking
Head of Legal and Regulatory
VP of Engineering
Engineering Lead
Engineering Technical Lead - Zap
Founders
Co-founder & CTO
Investors
Mission-driven, high-standards culture centered on transparency, clear communication, kindness, continuous learning, ownership, simplicity, and rapid iteration.
Work style
Flexible
Compensation
Public salary bands are not disclosed. The company publicly signals competitive pay and a strong benefits package, including insurance, a MacBook Pro, a remote work budget, internet reimbursement, and paid leave.
Benefits
Pricing
Per-successful-transaction fees that vary by country and payment method, with no integration fee, no maintenance fee, caps on some fees, and volume discounts for larger merchants.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$10M-$20M
Estimated monthly visits
3.9M
Traffic estimate as of Jun 2026
Stripe announced plans to acquire Paystack for about $200M, making Paystack a Stripe company.
SourceA Paystack-led investment group acquired Brass, a Nigeria-headquartered business finance tools company.
SourcePaystack acquired Ladder Microfinance Bank and launched Paystack Microfinance Bank to expand into lending and banking.
SourcePaystack terminated co-founder/CTO Ezra Olubi after misconduct allegations; he publicly disputed the process and signaled legal action.
SourceTechCabal · Jul 2026
Paystack expanded its Kenya product by letting businesses accept Pesalink bank transfers directly at checkout.
Techpoint Africa · Jun 2026
Paystack launched early-access Paystack Index, an AI-agent checkout experiment built with TSG Labs and live in Nigeria.
Paystack Blog · Jan 2026
Paystack announced TSG as a new parent company spanning Paystack, Zap, Paystack Microfinance Bank, and TSG Labs, and said the group had become profitable and grown payment volume more than 12x since the Stripe acquisition.
Semafor · Jan 2026
Semafor reported on Paystack's restructuring into The Stack Group, its new consumer and banking ambitions, and the departure of co-founder Ezra Olubi.
Techpoint Africa · Jan 2026
Paystack acquired Ladder Microfinance Bank to launch Paystack Microfinance Bank and expand into lending and regulated banking in Nigeria.