Nigerian fintech startup, Paystack has just announced a Series A funding round to the tune of $8 million.
Being a payment platform that it is, thousands of businesses are integrated with Paystack’s API. With the new round, which surprisingly is backed by American payment company Stripe, Paystack will have the enablement to connect more businesses across the country.
Specifically, its focus is on integrating the wide range of options that are appealing to Nigerians when it comes to making and accepting payments.
There are other strategic investors in this Series A round and they include the likes of Visa, Chinese online giant and parent of WeChat, Tencent and a plethora of other companies.
Featured Image: (L-R) Paystack co-founders Shola Akinlade and Ezra Olubi.
Developers working in/from Nigeria, Techpoint is conducting a survey to determine your overall job satisfaction. Please take out just 5 minutes to participate in the anonymous survey. Thank you.
Early-stage startup? Get exposure and a chance to win $10,000 at Techpoint Build West Africa. Register now or before October 31, 2018.