Paystack Overview
- Year Founded
-
2015
- Status
-
Acquired/Merged
- Employees
-
217
- Latest Deal Type
-
Later Stage VC
- Investors
-
4
Paystack General Information
Description
Developer of a payment processing platform designed to make online payments simple, secure and affordable. The company's platform connects all multi-channel payment options with merchants assisting them to accept payments via credit card, debit card and direct bank transfer through web and mobile applications, enabling businesses to offer a seamless and secure payment experience to customers.
Contact Information
Website
www.paystack.com(Operating Subsidiary)
Corporate Office
- 126 Joel Ogunnaike Street
- Ikeja GRA, Ikeja
- Lagos
- Nigeria
Corporate Office
- 126 Joel Ogunnaike Street
- Ikeja GRA, Ikeja
- Lagos
- Nigeria
Paystack Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC | 01-Jan-2022 | Completed | Generating Revenue | |||
| 7. Merger/Acquisition | 13-Jan-2021 | 00000 | 000.00 | 00000 | Completed | Generating Revenue |
| 6. Early Stage VC | 30-Mar-2020 | 000.00 | Completed | Generating Revenue | ||
| 5. Early Stage VC (Series A) | 06-Sep-2018 | 000.00 | 000.00 | 000.00 | Completed | Generating Revenue |
| 4. Early Stage VC | 00000 | 000 | Completed | Generating Revenue | ||
| 3. Accelerator/Incubator | 17-Jul-2017 | 00.000 | Completed | Generating Revenue | ||
| 2. Seed Round | 19-Dec-2016 | $1.3M | $1.42M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 22-Mar-2016 | $120K | $120K | 00.000 | Completed | Generating Revenue |
Paystack Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
| Series A-5 | 00,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series A-4 | 000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series A-3 | 000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series A-2 | 562,177 | $0.000010 | $0.74 | $0.74 | 1x | $0.74 | 3.33% | |
| Series A-1 | 2,048,170 | $0.000010 | $0.53 | $0.53 | 1x | $0.53 | 12.14% |
Paystack Comparisons
Industry
Financing
Details
000000
000000
Paystack Competitors (67)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Iyzico | Formerly PE-Backed | Istanbul, Turkey | 000 | 0000 | 000000&0 | |
| Bluefin Payment Systems | Private Equity-Backed | Atlanta, GA | 000 | 000.00 | 000000&0 | |
| PPRO | Private Equity-Backed | London, United Kingdom | 000 | 00000 | 0000000 0000 | 00000 |
| Wibmo | Formerly VC-backed | Cupertino, CA | 000 | 0000 | 000000&0 | 0000 |
| Payfort | Corporation | Dubai, United Arab Emirates |
Paystack Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Paystack Executive Team (4)
| Name | Title | Board Seat |
|---|---|---|
| Shola Akinlade | Co-Founder & Chief Executive Officer | |
| Ezra Olubi | Co-Founder & Chief Technology Officer | |
| Ezra Olubi | Co-Founder & Chief Technology Officer | |
| Ross Chanin JD | Advisor |
Paystack Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Paystack Former Investors (30)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Acuity Ventures Partners | Venture Capital | Minority | 000 0000 | 000000 0 |
| Alter Global | Venture Capital | Minority | 000 0000 | 000000 0 |
| Atlantica Ventures | Venture Capital | Minority | 000 0000 | 000000 0 |
| Blue Haven Initiative | Family Office | Minority | 000 0000 | 000000 0 |
| Blue Rinc Capital | Venture Capital | Minority | 000 0000 | 000000 0 |
Paystack Investments (2)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Brass | 28-May-2024 | 00000 0000 | Financial Software | ||
| Storspay | 28-Apr-2023 | Seed Round | 00000 | Financial Software |
Paystack FAQs
-
When was Paystack founded?
Paystack was founded in 2015.
-
Who is the founder of Paystack?
Shola Akinlade, Ezra Olubi, and Ezra Olubi are the founders of Paystack.
-
Who is the CEO of Paystack?
Shola Akinlade is the CEO of Paystack.
-
Where is Paystack headquartered?
Paystack is headquartered in Lagos, Nigeria.
-
What is the size of Paystack?
Paystack has 217 total employees.
-
What industry is Paystack in?
Paystack’s primary industry is Financial Software.
-
Is Paystack a private or public company?
Paystack is a Private company.
-
What is Paystack’s current revenue?
The current revenue for Paystack is 00000.
-
How much funding has Paystack raised over time?
Paystack has raised $12.2M.
-
Who are Paystack’s investors?
Acuity Ventures Partners, Alter Global, Atlantica Ventures, Blue Haven Initiative, and Blue Rinc Capital are 5 of 30 investors who have invested in Paystack.
-
Who are Paystack’s competitors?
Iyzico, Bluefin Payment Systems, PPRO, Wibmo, and Payfort are some of the 67 competitors of Paystack.
-
When was Paystack acquired?
Paystack was acquired on 01-Jan-2022.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
