Nigeria’s fintech Paystack launches in its third market, South Africa

NIGERIA – Nigerian payments platform Paystack has launched operations in South Africa after a six-month pilot, with the country becoming the startup’s third market in Africa and first new destination since its acquisition by Stripe in October. Launched in January 2016 by Shola Akinlade and Ezra Olubi, Paystack is a payments company that helps businesses in Africa get paid by anyone, anywhere in the world. In October, Paystack was acquired by global payments firm Stripe, which also led the startup’s US$8 million funding round back in 2018. At the time,…

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