About Paystack
Paystack is a Financial Services company based in Lagos (Nigeria) founded in 2015, and was acquired by Stripe in October 2020. Payment processing solutions are provided for businesses in Africa. Paystack has raised $9.42 million across 3 funding rounds from investors including Stripe, Tencent and Visa. Paystack has completed 1 acquisition, including Brass. Its website paystack.com draws about 3.9 million monthly visits. Its focus areas include FinTech, Payments, Business Payments and Online Payments.
Company details
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.
- Headquarters Lagos, Nigeria
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Website paystack.com
- Social LinkedIn X Facebook
- Acquired by Stripe (Oct 2020)
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.
- Total Funding $9.42M
- Total Rounds 3
- Last Round Series A — $8M
- First Round $120,000
(Mar 2016)
- Investors Count 18
All 3 funding rounds of Paystack with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $8M | Series A | – | Stripe | |
| Dec 2016 | $1.3M | Seed | – | Tencent, Comcast Ventures | |
| Mar 2016 | $120,000 | Seed | – | Y Combinator | – |
18 investors in total: 11 institutional and 7 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Comcast Ventures is focused on investing in technology startups. | comcastventures.com | San Francisco, United States | ||
Early & Growth stage tech-focused VC Firm investing in geographies such as Africa | singularityinvest.com | Lagos, Nigeria | ||
| tokyofoundersfund.com | ||||
Blue Rinc Capital is focused on growth investments in technology. | 2015 | bluerinccapital.com | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Value-added internet, mobile, and telecom services are provided in China. | 1998 | tencent.com | Shenzhen, China | |
Investment banking firm offering capital advisory and acquisitions services | ms-capitalpartners.com | |||
| spark.ng | ||||
A family-owned investment holding company supporting African talent globally. | 2023 | paveinvestments.com | Geneva, Switzerland | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | stripe.com | San Francisco, United States |
Investor details for Paystack
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Paystack
111 people are tracked at Paystack (7 in leadership, 104 in team).
| Name | Role | Group |
|---|---|---|
Emmet Gaffney | Head of Finance | Leadership |
Shola Akinlade | Cofounder / CEO | Leadership |
Ezra Olubi | Cofounder And CTO | Leadership |
Kristin Clarke | Head Of People | Leadership |
Kwadwo Owusu-Agyeman | Ceo/country Lead - Paystack Ghana | Leadership |
Falgu Shah | Head Of Business Operations | Leadership |
Tinuke Ayanbadejo | Head Of Risk & Compliance | Leadership |
Stella Ezea | Engineering | Team |
Husayn Arah | Engineering | Team |
Wesley Jordan | Engineering | Team |
Vagelis Nikolaou | Engineering | Team |
Okubo Ori-jesu | Engineering | Team |
Ibukun Awosika | Engineering | Team |
Kharis Izevbizua | Growth | Team |
Tolulope Kalejaiye | Growth | Team |
Joel Bronkowski | Growth | Team |
Loknan Nanyak | Engineering | Team |
Oloruntobi Allen | Engineering | Team |
Olawale Komolafe | Engineer | Team |
Morounfoluwa Otubanjo | Growth | Team |
91 more people are available in the full profile.
Complete people profiles for Paystack
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Paystack
Paystack has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Brass.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Brass is recognized for providing smart financial tools for businesses. | trybrass.com | Lagos, Nigeria | 2019 | May 2024 | •••• |
Complete acquisition details for Paystack
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- Acquired stakes
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- Complete history
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Web traffic of Paystack
The website of Paystack (paystack.com) receives about 3.9M visits a month and ranks #16,107 among all websites worldwide, #1,045 in Finance.
- Monthly visits3.9M
▼ 0.6% vs previous month
- Unique visitors1M
per month
- Global rank#16,107
among all websites
- Category rank#1,045
Finance · Finance
- Bounce rate42%
- Pages per visit3.4
- Average visit3 min 01 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Paystack. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
myjobmag.com | myjobmag.com | 100% | #73,578 | – | |
| cbn.gov.ng | 96% | #140,409 | View details | ||
| bulkpe.in | 96% | 49.3K | #639,710 | View details | |
| nttdatapay.com | 96% | 37.3K | #855,533 | View details | |
ibomair.com | ibomair.com | 69% | #176,811 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 28 similar websites and full traffic analytics for Paystack
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- 28 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about 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. The company's 1st funding round was a Seed of $120K, raised on Mar 2016.
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.
Yes. Paystack was acquired by Stripe in October 2020.
The website of Paystack receives about 3.9 million visits a month and ranks #16,107 among all websites worldwide.