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BUSINESS PERSONS OF THE YEAR: Paystack founders, Akinlade, Olubi Akintunde1
By Simeon Ebulu, Group Business Editor
Not a few Nigerians were surprised and thrilled at the news of the acquisition of Paystack by an American IT firm, Stripe in October, this. It’s probably true also that it may be about the same time that many people, most especially non players in the IT- payment space became aware of the feat and height that the duo of Shola Akinlade and Ezra Olubi, founders of Paystack, have attained in the fintech sub-sector.
Paystack Payment Limited came into existence in 2015. Although incorporated in Delaware, USA, it is the pioneer Application Programming Interface (API) – based payments service provider in Nigeria. The software allows two applications to interface, or talk to one another, or put differently, it allows users to set up online payment gateways to enable their businesses accept credit and debit card payments online from customers.