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paystack
On/offline payments for Africa
- 201-500 employees
- Fintech
- B2B
- Payments
- SaaS
- Fraud
- Lakewood, Sunnyvale, CA
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Company mission
To help power growth for a new generation of businesses across Africa.
Our take
Africa has been at the forefront of payment innovation for the last decade and the e-payments market on the continent is set to reach $40 billion dollars by 2025. Whilst crypto and digital currencies in African countries are gaining pace, cash is still trailing ahead, and digital exchange businesses have become increasingly significant for its economy.
Paystack’s services focus on helping African businesses gain a foothold off of the continent, delivering and helping them navigate secure payment channels that weed out fraud and cybercrime. The company has so far helped transfer the payments of 70,000 businesses across the continent and was acquired by Stripe in 2020 at a price of $200 million.
As exemplified by its acquisition, Paystack’s services are an important indicator of the evolving shape of African business ventures. Paystack plays a vital role in shaping the economy of the continent through partnerships and is setting an ethical, encouraging precedent for similar businesses to come.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Smart, kind colleagues - Learn and grow with highly accomplished colleagues who’re invested in your personal and professional development
- Health insurance - Our comprehensive medical insurance covers a wide variety of needs
- New Macbook Pro - All team members receive a brand new MacBook Pro work laptop on their first day
- Professional Development - We invest in our people to ensure they can achieve their short, medium, and long term professional goals
- Life Insurance - We provide comprehensive life cover for all team members
- Paid annual leave - All team members have 20 days of paid annual leave, and are warmly encouraged to use them
Company values
- Choose Transparency - Share your work often. Openly seek critique. Have the difficult, honest conversation as soon as possible. Get it off your chest.
- Communicate Clearly - Simplify and refine ideas until they’re easy to explain. Say exactly what you mean. Take care to confirm that you’ve been understood.
- Practice Kindness - Love your teammates and customers (even when they make it hard). Bring positive vibes. Be generous with "thank you” and “sorry.” Lift people up with respect and empathy. Take care of yourself.
- Insist on High Standards - Remember that merchants are trusting you with their livelihoods. Please give this responsibility your very best. Don’t pass the buck - take ownership of your responsibilities, think three steps ahead, and follow through. Be a domain expert your team can rely on. Deliver consistent excellence, and require it from others.
- Pursue Growth and Learning - See every situation as a learning opportunity. Experiment and make new mistakes. Strive to get a little better at something, every day.
- Embrace the Mission - Find the joy in everything :). This thing is bigger than all of us. Celebrate the wins, and cherish both the lessons, and the people we’ll meet along the way. Be brave. Banish fear. Have fun.
Funding (last 2 of 5 rounds)
Aug 2018
$8m
SERIES A
May 2017
$0.1m
SEED
Total funding: $9.6m
This company has top investors
Leadership
Shola Akinlade
(CEO)Previosuly Co-Founder and Software Architect at Klein Devort.
Ezra Olubi
(CTO)Currently Director of "Magic" at Alexander Haring Ltd. Previously CTO at Delivery Science Inc and Jobberman Ltd.