The American financial and software services company Stripe has acquired Paystack in a deal worth over $200 million.
Paystack, founded in 2015 by CEO Shola Akinlade and CTO Ezra Olubi, is a Lagos-based startup that offers fast ways to integrate payment services into an online or offline transaction using an API. A few years ago, Stripe invested in Paystack, reportedly as a way to understand the market.
Paystack’s 60,000 customers include large corporations, small businesses, financial tech organisations, educational institutions, and online betting companies.
Otosirieze Obi-Young is a writer, editor, journalist, and curator. He is Editor of Folio Nigeria, where he profiles innovators and facilitators in culture: business, art, photography, music, activism, health, food. He has vast experience working in literature. He has sat on the judging panels of The Gerald Kraak Prize and of The Morland Writing Scholarship. He is an editor at 14, Nigeria's first queer art collective, and Curator at The Art Naija Series, a sequence of e-anthologies exploring different aspects of Nigerianness. For three years, Nov. 2016 to Apr. 2020, he led the transformation of the literary blog Brittle Paper into a continental powerhouse, ideating and administering The Brittle Paper Awards, the first by an African publication. His work in queer advocacy has been profiled in Literary Hub. In 2019, he won The Future Awards Africa Prize for Literature. In 2020, he was named among "The 100 Most Influential Young Nigerians." He completed a collection of short stories in 2016 and his novel in 2020. Find him on otosirieze.com or on Twitter & Insta: @otosirieze.