WhoBuilt

Paystack

1 Talk15 Facts15 SourcesUsed by 1 company

Key facts

Founded by
Shola Akinlade
Launched
January 2016
Capabilities
Supports payments directly from bank accounts and through USSD
Automated dispute process
Live in Nigeria and seeking to expand into other markets
Helps merchants in Africa accept customer payments
Investors
Visa, $1 million round, together with Stripe
Stripe, $1 million round, together with Visa

From talks

Results and examples shared in single talks

Tech stack & tools

Based on job postings, talks and code

Tech stack 5

Labels show how a tool is used (core product, infra, data, ML, security); “N jobs” counts the job postings that require it. Click a count to see the evidence. How we verify

Timeline 8

Dated events, newest first. Open the sources under any item.

How we verify
Launch1Funding2Founded1Capability4
20186 events
  1. as of Oct 2018Capability
    Supports payments directly from bank accounts and through USSD
    “We allow people to pay directly from their bank accounts, and we allow people to pay with USSD.” 46:42
    Unverified1 source· Talk
    +2 more capabilities on the full timeline
  2. as of Oct 2018Capability
    Automated dispute process
    “We started building an automated dispute process.” 16:00
    Unverified1 source· Talk
  3. as of Oct 2018Funding
    Visa invested in Paystack
    $1 million round, together with Stripe
    “We just raised a million dollars from Stripe and Visa.” 3:53
    Unverified1 source· Talk
  4. as of Oct 2018Funding
    Stripe invested in Paystack
    $1 million round, together with Visa
    “We just raised a million dollars from Stripe and Visa.” 3:53
    Unverified1 source· Talk
20162 events
  1. 2016Founded
    Shola Akinlade founded Paystack
    “So I started Paystack very quickly.” 1:46
    Unverified1 source· Talk
January
  1. Jan 2016Launch
    January 2016
    “We launched in January 2016.” 0:32
    Unverified1 source· Talk

Talks by Paystack 1

56:16
Helping African Businesses Get Paid
Shola Akinlade

Shola Akinlade explains how Paystack helps African businesses accept digital payments and how the company grew from an idea into a payments platform launched in Nigeria in 2016. He describes learning from merchants, working with banks, joining Y Combinator, and raising funding from Stripe and Visa. The talk covers the challenges of payments in Nigeria, including low card use, varied customer needs, fraud, and the need to tailor checkout experiences and payment methods. Akinlade also discusses Paystack’s expansion plans, engineering and hiring needs, and the importance of building a strong team and supporting African businesses.

Oct 16, 2018· 56 min 0:00