After almost five years of having to be described as the Stripe of Africa, Paystack finally became a part of Stripe in a major acquisition which caused ripples of excitement across the fintech industry. The reality that two young Nigerian men, who did not school abroad, could start and grow a company that would be acquired by a Silicon Valley Company is more than a little exciting.
The acquisition is valued at over $200 million, Stripe’s biggest acquisition to date and the biggest startup acquisition in Nigeria so far. This is the story the world knows, what many do not know is the history that preceded and naturally led to this acquisition.