Powering African ambition, wherever it leads.
We believe African ambition deserves world-class infrastructure.
Not someday. Not only when businesses become large enough.
Today.
Across Africa and beyond, people are building companies, creating jobs, moving industries forward, and solving problems at a scale the world is still learning to understand. Paystack exists to make that work easier.
Today, more than 400,000 businesses use Paystack to accept payments, grow, and operate across Nigeria, South Africa, Ghana, Kenya, and Côte d’Ivoire.Every month, companies of every size, from ambitious startups to leading local and global brands like Qatar Airways, MTN, and Burger King, process more than $1.5 billion through Paystack.
Since January 2016, we’ve helped shape online payments in Africa, building recurring payments, automated chargebacks, locally relevant payment methods, and the infrastructure businesses need to serve customers reliably.
Now, as part of The Stack Group, we’re building the next layer of modern commerce across payments, banking, and cross-border.
Because with better tools, ambitious businesses don’t just transact.
They grow. They compete. They endure.
They shape what comes next.
Paystack
over the years
05 - May
The new Paystack Dashboard goes live
We rebuilt the Paystack Dashboard from scratch after a decade. The update introduced better navigation, a fully responsive mobile experience, and an AI-native command center.
01 - January
Paystack joins The Stack Group
Paystack officially became part of The Stack Group, a new parent company focused on building products and emerging technologies across payments, banking, and consumer services.
03 - March
Zap by Paystack launches in Nigeria
We launched Zap by Paystack, our first consumer-facing product, enabling payments via bank transfer in Nigeria.
10 - October
Paystack Transfers launches in Kenya
We introduced Paystack Transfers in Kenya, enabling transfers to any Kenyan bank account, M-Pesa wallet, Paybill, or Till account from the Paystack dashboard.
01 - January
Bank account transfers launch in Ghana
We launched transfers to bank accounts in Ghana, adding to our existing support for transfers to Ghanaian mobile money wallets.
11 - November
Paystack enters private beta in Rwanda and Egypt
Paystack began private beta in Rwanda and Egypt after acquiring licenses to operate in both markets.
10 - October
Virtual Terminal launches for hardware-free in-person payments
We launched Virtual Terminal, a product that lets businesses accept fast in-person payments with no hardware costs.
09 - September
Paystack-Titan launches for instant bank transfers
We introduced Paystack-Titan in Nigeria, enabling businesses to accept bank transfers instantly and reliably using Paystack-Titan virtual accounts.
11 - November
Paystack receives PSP authorization in Kenya
Paystack received Payment Service Provider (PSP) authorization from the Central Bank of Kenya, allowing us to provide payment services to businesses operating in Kenya.
We also publicly announced Paystack Terminal, our point-of-sale product designed to help businesses in Africa build custom, in-person payment experiences.
03 - March
Paystack secures enhanced PSP license in Ghana
Paystack received a Payment Services Provider (PSP) enhanced license from the Bank of Ghana. This allowed us to move past beta in Ghana and bring the full Paystack payment experience to the country.
09 - September
Apple Pay launches on Paystack
We launched Apple Pay as a payment channel, letting businesses accept international payments quickly and securely from millions of Apple Pay users.
05 - May
Paystack went live in South Africa.
Paystack went live in South Africa.
12 - December
Paystack Storefront launches for online selling
We launched Paystack Storefront, making it possible for businesses to create an online store and sell multiple products without building a website.
10 - October
Stripe acquires Paystack
Paystack was acquired by Stripe for $200 million. It was, and remains, one of the largest technology exits in Nigeria's history.
07 - July
Bank transfers become available on Paystack Checkout
We launched Pay with Bank Transfer on Paystack Checkout, allowing customers in Nigeria to pay via bank transfer at checkout.
06 - June
Paystack Commerce launches for SMEs and creators
We launched Paystack Commerce, a suite of no-code tools to help SMEs and creators bring their ideas to market
10 - October
Monthly transaction volume surpasses NGN 10 billion
We hit a monthly transaction volume of over NGN 10 billion (about $27.5 million at the time).
08 - August
Paystack raises $8M Series A led by Stripe
We raised an $8 million Series A led by Stripe, with participation from Visa and Tencent.
09 - September
Multi-currency support arrives on Paystack
We launched a feature allowing businesses to list products in USD and receive settlements in USD.
07 - July
Monthly transaction milestones
We hit a monthly transaction volume of NGN 1 billion (about $2.3 million at the time).
06 - June
Pay with Bank launch
We launched Pay with Bank, a new payment channel that let customers of Paystack merchants pay directly from their bank accounts.
12 - December
Closing our seed round
We raised $1.3 million from local and international investors, closing our seed round.
01 - January
Paystack is founded
Paystack was founded by Shola Akinlade and Ezra Olubi, software developers and friends from university.
That same month, Paystack was accepted into Y Combinator, becoming the first Nigerian company to participate in the program.
Our values
Our values guide how we build, how we collaborate, and how we show up for one another. They're the foundation of everything Paystack does.
Proudly built for Africa and building worldwide
