When was Paystack founded?

Paystack was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Paystack located?

Paystack is headquartered in Lagos, Nigeria.

Who is the current CEO of Paystack?

Shola Akinlade of Paystack. They are also angel investors in 8 startups, including Precurio.

How many employees does Paystack have?

As of Apr 30, 2026, the latest employee count at Paystack is 298.

Is Paystack a funded company?

Paystack is a funded company, having raised a total of $11.7M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 22, 2016.

When was the latest funding round of Paystack?

Paystack's latest funding was a $***** Series A round on Aug 28, 2018, with participation from 7 investors.

Where does Paystack rank among its competitors?

Paystack ranks 10th amongst 119 active competitors, of which 27 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $330M in Dec, 2025.

Who are the top competitors of Paystack?

Paystack's top competitors include Airwallex, NIUM and Thunes. Among them, Airwallex secured the most recent funding round in December, 2025.

Paystack - 2026 Company Profile, Team, Funding & Competitors

Q: Is Paystack an acquired company?

Paystack got acquired by Stripe on Oct 15, 2020.

Company Details

Paystack provides payment processing solutions for businesses. It features digital payments, card payments, mobile money, recurring payments, QR based payments, POS terminals, bank transfer, and more. It also offers customers with fraud detection from fraudulent transaction & chargeback claims and reporting for accounting, reconciliation & audits.

Website: paystack.com
Social
Email ID: *****@paystack.com

Key Metrics

Founded Year

2015

Location

Lagos, Nigeria

Stage

Acquired

Total Funding

$11.7M in 3 rounds

Latest Funding Round

Series A, Aug 28, 2018, $*****

Investors

Y Combinator & 31 more

Ranked

10^th among 119 active competitors

Employee Count

298 as on Apr 30, 2026

Investment & Acquisitions

Ladder Microfinance Bank & 1 more

Similar Companies

Airwallex & 527 more

Exit Details

Acquired by Stripe (Oct 15, 2020)

View Paystack's full profile

Paystack got acquired by Stripe on Oct 15, 2020 at an acquisition amount of $*****.

Click here to take a look at Paystack's acquisition in detail

Paystack has raised a total funding of $11.7M over 3 rounds. Its first funding round was on Mar 22, 2016. Its latest funding round was a Series A round on Aug 28, 2018 for $*****. 7 investors participated in its latest round. Paystack has 25 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Paystack:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 28, 2018	4342806	Series A	8399583	7133574	3931587	8755318
Dec 19, 2016	9233315	Seed	2082758	1981397	7193647	M&S Capital Partners & 8 more
Mar 22, 2016	5939394	Seed	7405799	2196782	Y Combinator	1462427

Access funding benchmarks and valuations. Sign up today!

View details of Paystack's funding rounds and investors

The founders of Paystack are Ezra Olubi and Shola Akinlade.

Here are the details of Paystack's key team members:

Ezra Olubi: Cofounder and CTO of Paystack. They are also an angel investor in 3 startups.
Shola Akinlade: Co-Founder & CEO of Paystack and founder of 1 other company. They are also an angel investor in 8 startups.
Contact Info: 1 email address

View details of Paystack's Founder profiles and Board Members

Paystack's employee count trend

Paystack has 298 employees as of Apr 26. Here is Paystack's employee count trend over the years:

Uncover Paystack's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Paystack include Airwallex, NIUM and Thunes. Here is the list of Top 10 competitors of Paystack, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Airwallex 2015, Singapore (Singapore), Series G	Provider of multi-currency business accounts, global payments, and spend management	$1.58B	Lone Pine Capital, Tencent & 41 others	81/100
2nd	NIUM 2014, Singapore (Singapore), Series E	Cross-border money transfer solutions for businesses	$312M	GSR Ventures, Vertex Holdings & 35 others	78/100
3rd	Thunes 2016, Singapore (Singapore), Series D	Cross-border payment infrastructure provider	$362M	Vitruvian Partners, Helios & 19 others	73/100
4th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, G Squared & 22 others	73/100
5th	Rapyd 2016, London (United Kingdom), Series F	FinTech company that provides global payment solutions	$1.01B	Tal Capital, Coatue & 33 others	73/100
6th	Flywire 2009, Boston (United States), Public	Provider of payment and software solutions for various business sectors	$263M	Spark Capital, Goldman Sachs & 35 others	66/100
7th	InstaReM 2014, Singapore (Singapore), Series C	Cross-border money transfers for businesses and individuals	$5M	Vertex Ventures, MDI Ventures & 4 others	66/100
8th	Currencycloud 2007, London (United Kingdom), Acquired	Provider of cross-border payment solutions and multi-currency payment infrastructure	$196M	Sapphire Ventures, Notion & 43 others	65/100
9th	Ingenico 1980, Suresnes (France), Acquired	Provider of payment acceptance devices, estate management, and commerce enhancing solutions	-	Bpifrance	65/100
10th	Paystack 2015, Lagos (Nigeria), Acquired	Payment processing solutions for businesses	$11.7M	Wavelaunch, Comcast Ventures & 30 others	67/100