Shola Akinlade and Ezra Olubi
Shola Akinlade and Ezra Olubi, two computer science graduates, founded Paystack based in Nigeria in 2016. They got funding from Silicon Valley’s Y Combinator accelerator program.
Paystack provides services to over 60,000 companies of all sizes. The company already processes more than half of all online transactions in Nigeria and is aiming to expand to other African countries. It is a PCI DSS Level 1 Certified, the most stringent level of certification in the global payments industry, enabling companies to transact across Africa safely and securely. This October, US e-payments firm Stripe acquired the firm for $200 million.