ExitRecord

Acquisition

Paystack and Stripe: the deal on record

Stripe agreed in October 2020 to acquire Paystack, a Lagos based online payments company founded in 2016 by Shola Akinlade and Ezra Olubi, in which Stripe had earlier invested. The price was not disclosed, and TechCrunch reported it as more than USD 200 million, according to The Irish Times and RTE.1,2

Value as reportedNot disclosed. TechCrunch reported more than USD 200 million.1,2
Announced15 October 2020
SectorOnline payments

Timeline

  1. Stripe's agreement to acquire Paystack is reported, with quotes from Paystack chief executive Shola Akinlade and Stripe's Matt Henderson.1,2

Status now

Owned by Stripe, as of the 2020 reports.1

Sources

  1. The Irish Times, Stripe acquires Nigerian start-up Paystack for more than $200m (15 October 2020)
  2. RTE, Stripe agrees deal to buy Nigerian start-up Paystack (15 October 2020)