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About Paystack

Paystack allows Nigerian businesses to accept online payments via credit card, debit card, money transfer, and mobile money through an online platform and mobile apps. The company was founded in 2016 and is based in Lagos, Nigeria. On October 15th, 2020, Paystack was acquired by Stripe.

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Research containing Paystack

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Paystack in 3 CB Insights research briefs, most recently on Jan 17, 2024.

Expert Collections containing Paystack

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paystack is included in 3 Expert Collections, including Fintech 100.


Fintech 100

748 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.



2,821 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.



12,502 items

Excludes US-based companies

Latest Paystack News

Paystack Rolls Out “Pay With Apple Pay” Option In Cote D’Ivoire and South Africa

Feb 6, 2024

SHARE Paystack , an African payments platform, has rolled out its “Pay With Apple Pay” payment option in Cote D’Ivoire and South Africa. The payments company rolled out the feature in Nigeria in 2021 and later introduced the option in Ghana . With the latest announcement, merchants on Paystack can now enable Apple Pay in four African countries. How It Works Apple Pay is a mobile payment and digital wallet service by Apple. It enables payments that allow customers to authorise payments with Touch ID or Face ID, instead of manually filling out long payment forms. Customers in Cote d’Ivoire paying with an international-issued card who have Apple Pay enabled on their Apple devices will automatically see the option to checkout using Apple Pay, and can complete the transaction using Touch ID or Face ID.

Paystack Frequently Asked Questions (FAQ)

  • When was Paystack founded?

    Paystack was founded in 2016.

  • Where is Paystack's headquarters?

    Paystack's headquarters is located at Lagos.

  • What is Paystack's latest funding round?

    Paystack's latest funding round is Acquired.

  • How much did Paystack raise?

    Paystack raised a total of $9.42M.

  • Who are the investors of Paystack?

    Investors of Paystack include Stripe, Tencent, Y Combinator, Dale Mathias, Tom Stafford and 18 more.

  • Who are Paystack's competitors?

    Competitors of Paystack include Revio, YapStone, PayNearMe, Peach Payments, Hypur and 7 more.


Compare Paystack to Competitors

Cellulant Logo

Cellulant develops an electronic payment service connecting customers with banks and utility services to create a payment ecosystem. It offers a single application program interface payments platform that provides locally relevant and alternative payment methods for global, regional, and local merchants. Its platform enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards, and directly from their bank. It was founded in 2004 and is based in Nairobi, Kenya.

Pine Labs

Pine Labs offers cloud-based point-of-sale (PoS) payment solutions. The company allows merchants to accept credit or debit card payments, as well as methods such as e-wallets, quick response (QR) code payment solutions, and unified payments interface (UPI)-based solutions. The company was founded in 1998 and is based in Noida, India.

PayNearMe Logo

PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize their cash collection processes. It was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.

Stripe Logo

Stripe develops a financial infrastructure platform. The company offers a suite of services including online payment processing, revenue and finance automation, and banking-as-a-service. Its services allow businesses to accept payments online or in person, automate their revenue and finance operations and embed financial services into their platforms or products. It primarily serves the e-commerce, software as a service (SaaS), marketplace, and finance automation sectors. It was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.

GoCardless Logo

GoCardless provides online automated, and recurring payment services. It offers a payments network for businesses to take and settle recurring payments, instant bank payments, application (API) integrations, and more. The company was founded in 2011 and is based in London, United Kingdom.

TouchBistro Logo

TouchBistro is a company that focuses on providing an all-in-one point of sale (POS) and restaurant management system in the restaurant industry. The company offers a range of services including front of house, back of house, and guest engagement solutions, which help restaurateurs streamline their operations, manage their menu, sales, staff, and more. These services are designed to increase sales, improve guest experiences, and save time and money. It was founded in 2011 and is based in Toronto, Ontario.


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