About Paystack
Paystack is a company based in Lagos (Nigeria) founded in 2015 was acquired by Stripe in October 2020. Paystack has raised $9.42 million across 3 funding rounds from investors including Stripe, Tencent and Visa. Paystack has completed 1 acquisition, including Brass. Paystack operates in a competitive market with competitors including Tipalti, Payoneer, Airwallex, Rapyd and NIUM, among others.
- Headquarter Lagos, Nigeria
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Financial Services
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People of Paystack
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Funding Insights of Paystack
Paystack has successfully raised a total of $9.42M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in August 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Paystack
Paystack has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Stripe, Tencent and Visa.
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Comcast Ventures is focused on investing in technology startups.
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Early & Growth stage tech-focused VC Firm investing in geographies such as Africa
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Investor details for Paystack
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Investments & Acquisitions by Paystack
Paystack has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Brass.
Investment portfolio details for Paystack
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Brass is recognized for providing smart financial tools for businesses.
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Complete acquisition details for Paystack
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Financial Statements - Paystack
Detailed financials for Paystack
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Paystack Comparisons
Peer comparison for Paystack
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Competitors of Paystack
Paystack operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tipalti, Payoneer, Airwallex, Rapyd and NIUM, among others.
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Cross-border payments are enabled for businesses via diverse payout methods.
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Cross-border payments are processed for businesses via tools and APIs.
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Global payment solutions are provided by Rapyd to businesses worldwide.
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Cross-border money transfer solutions are provided for businesses globally.
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Cloud-based payment solutions are provided for cross-border transactions.
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Detailed competitors of Paystack
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Latest news on Paystack
Complete news archive for Paystack
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Frequently Asked Questions about Paystack
Paystack was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Paystack is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Paystack is a funded company, having raised a total of $9.42M across 3 funding rounds to date.
Paystack was founded in 2015 in Lagos, Nigeria, within the fintech sector. Operations focus on enabling various payment methods, including digital and card payments, mobile money, recurring billing, QR codes, POS terminals, and bank transfers. Fraud detection is integrated to handle fraudulent transactions and chargeback claims, while reporting tools support accounting, reconciliation, and audits for users across the region.
Paystack has made 1 acquisition, including Brass.
Paystack has 18 investors. Key investors include Stripe, Tencent, Visa, Comcast Ventures, and Singularity Investments.