Acquisition
Oct 2020Stripe announced plans to acquire Paystack for about $200M, making Paystack a Stripe company.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
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
126 Joel Ogunnaike Street, Ikeja GRA, Ikeja, Lagos, Nigeria
354 Oyster Point Blvd., South San Francisco, CA 94080, United States
Unit 6, 22fifty Building 1, 32 Jamieson Street, Cape Town 8000, South Africa
VIVO Place, A2 Cantonments City Street, Cantonments, Accra, Ghana
Office 338, Building 16, Dubai Internet City, Dubai, United Arab Emirates
The Pavilion (1st Floor), Lower Kabete Road, Westlands, Nairobi, Kenya
AfricaWorks, Rue du 7 décembre, Zone 4/C, Abidjan, Côte d'Ivoire
Business model
Transaction-fee-based payments processing
API platform / software-as-a-service
Merchant acquiring and checkout tools
POS / terminal hardware plus transaction fees
Adjacent financial services and banking products
Funding
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
People & investors
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
Acuity Ventures Partners
Ajoje Capital Partners
Alter Global
Atlantica Ventures
Blue Haven Initiative
Blue Rinc Capital
Comcast Ventures Catalyst Fund
Dale Mathias
Gbenga Oyebode
Justin Kan
KIBS-CFY Partners
Leonard Stiegeler
M&S Capital Partners
M&S Partners
Michael Seibel
Olumide Soyombo
Pave Investments
Singularity Investments
Spark
Stripe
Tencent
Tokyo Founders Fund
Tom Stafford
Ventures Platform
Visa
Y Combinator
Work & culture
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
Competitive salary
Health insurance
Life insurance
MacBook Pro
Remote work budget
Monthly internet reimbursement
20 days paid annual leave
Product & market
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
- —Simple, transparent pricing
- —Fast onboarding and setup
- —24-hour settlement
- —Multiple local and global payment methods
- —Automated payment routing for higher success rates
- —PCI-DSS-grade fraud protection
- —Well-documented APIs
- —Checkout that keeps customers on the merchant site
- —Africa-specific localization across multiple countries
Technology
TypeScript
Node.js
React
MySQL
Docker
AWS
Kubernetes
Terraform
Datadog
GitHub Actions
Zendesk
SendGrid
PagerDuty
Grafana
Python
Google Workspace
Stripe
Customers
200,000+ businesses across Africa
Startups
Market leaders
Corporates
International companies
Entrepreneurs
Fintechs
Schools
Government and large organizations
Competitors
Flutterwave
Interswitch / Quickteller
PayU
Peach Payments
Yoco
Pesapal
DPO Group / Network
Moniepoint
Kora
Scale & contact
Estimated revenue
$10M-$20M
Estimated monthly visits
3.9M
Traffic estimate as of Jun 2026
Signals & risks
Acquisition
May 2024A Paystack-led investment group acquired Brass, a Nigeria-headquartered business finance tools company.
SourceAcquisition
Jan 2026Paystack acquired Ladder Microfinance Bank and launched Paystack Microfinance Bank to expand into lending and banking.
SourceOther
Nov 2025Paystack terminated co-founder/CTO Ezra Olubi after misconduct allegations; he publicly disputed the process and signaled legal action.
SourceLatest news
TechCabal · 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.
Jobs and careers at Paystack
0 jobs at Paystack
No open positions
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