A leading payments processing company in Nigeria that recently launched a product called 'Zap'.
Six years after Stripe, Paystack is learning to keep money
Stripe acquired Paystack for $200 million in October 2020, marking the largest acquisition of a Nigerian startup. Paystack expanded its operations to several African countries, including Côte d’Ivoire, Ghana, Kenya, Nigeria, and South Africa.
Nigeria’s fintechs built payments. Now they’re becoming banks.
Paystack acquired Ladder Microfinance Bank in January, marking its entry into the banking sector. Flutterwave secured a national MFB license in April through its acquisition of open banking startup Mono.
Paystack rolls out $2,900 support package for Nigerian small businesses
Paystack launched a Small Business Program to support Nigerian merchants with funding and tools. The program includes the Paystack Small Business Bundle, providing discounts worth up to ₦4 million to 2,000 eligible merchants.
Myka Secures Pre‑Seed Funding to Expand Insurance Access in Nigeria
Myka raised a pre-seed funding round from Ventures Platform, TLcom, and notable founders. The financial details of the funding round remain undisclosed.
Brass Announces Full Transition Into Paystack MFB; Ceases as an Independent Entity
Brass launched in 2020, providing Nigerian SMEs with quick banking solutions. In October 2023, Brass experienced a liquidity crisis due to withdrawal delays.
