Announced
Financials
Tags
Cross Border
Single Bidder
fraud prevention
payment platforms
Acquisition
Private
Friendly
Payments / Commerce
Majority
Pending
fintech
Nigeria
payment processing
invoicing app
Synopsis
Stripe, a payments company, agreed to acquire Paystack, a fintech startup. Financial terms were not disclosed. “In just five years, Paystack has done what many companies could not achieve in decades. Their tech-first approach, values, and ambition greatly align with our own. This acquisition will give Paystack resources to develop new products, support more businesses and consolidate the hyper-fragmented African payments market,” Matt Henderson, Stripe EMEA Head.
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