Stripe is use to accept payments online and in person, embed financial services, power custom revenue models, and build a more profitable business.
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.
Flutterwave Partners With Blockchain Network Tempo to Cut Costs on African Payments
Flutterwave announced a partnership with Tempo to create a stablecoin-based infrastructure for cross-border payments in Africa. The integration will utilize Tempo's layer-1 blockchain within Flutterwave's Send App and Flutterwave for Business products.
The next fintech race is infrastructure. Paga wants in
Paga Group is packaging its internal payments technology into services for other companies through Paga Engine. Nigeria's digital payments reached ₦1.07 quadrillion ($774.9 billion) in 2024, indicating a growing market for payment solutions.
Paystack Launches Holding Company After Hitting Profitability, Payment Volumes Surge 12x Since Stripe Acquisition
Paystack achieved profitability and established The Stack Group as its parent company. The company processed ₦1 trillion in transactions in July 2024, a historic milestone for Nigeria.
Africa’s startup exits are shifting from IPO dreams to local buyers
Over 100 startup exits were recorded in Africa between 2023 and 2025, with mergers and acquisitions being the primary method. The buyer mix is shifting towards regional banks, telecoms, and private equity firms that understand local market dynamics.
