Paystack is a mission driven technology company solving payment problems for ambitious businesses. Paystack builds the technology to help Africa’s best businesses grow - from new startups, to market leaders launching new business models. Their mission is to help businesses in Africa become profitable, envied, and loved by accelerating digital payments on the continent.
Over 40,000 of some of the most progressive businesses in Nigeria and Ghana use Paystack’s modern payments gateway to accept payments from their customers. These include MTN, UPS, FilmHouse Cinemas, Smile Communications, Air Peace Airlines, AXA Mansard Insurance and many others.
The team’s work is driven by their core values of transparency, clear communication, kindness, high standards, the pursuit of growth and learning. The company launched in 2015 and has grown from strength to strength over the last few years. Founded by two software developers, Paystack became the first Nigerian company to be accepted into the Y Combinator, the tech startup accelerator where companies like Dropbox and Airbnb were incubated. Just over a year later Paystack had raised $1.3 million from local and international investors, including Tencent, Comcast Ventures, and Ventures Platform. By August 2018 the team had raised $8 million Series A funding led by Stripe, together with Visa, and follow-on investment from Tencent and Y Combinator. Paystack are now keenly preparing for a period of accelerated growth and expansion.