Analyst View: Stripe Acquires Paystack in $200m USD deal
Stripe, a Silicon Valley backed payments company, announced on 15th October that it was acquiring Nigerian FinTech company Paystack in a deal reportedly worth over $200m USD.
This is fantastic news for the team at Paystack, and the deal, along with other recent tech acquisitions of Beyonic and Direct Payments Online, represents another significant exit within African FinTech.
Stripe and Paystack both provide API-driven payment services, and Stripe has been an investor since co-leading their $10.2 million Series A raise along with payments giant Visa back in 2018.