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Stripe Acquires Nigerian FinTech Company, Paystack for $200 Million

Credit: Paystack.

Good news in the Nigerian technology space.

In an official press release, Paystack co-founder and CEO Shola Akinlade said, “I’m thankful to share that Paystack is joining the Stripe family. We’ll be acquired by Stripe to accelerate online commerce across Africa, pending standard closing conditions including regulatory approvals.”

“In partnership with Stripe, we’re excited to continue to help build a new generation of transformative businesses across Africa.”

Read more details here.

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