Stripe acquires Nigeria’s Paystack for more than $200 Million. When Stripe invested in Paystack a few years ago, many noted that it was certainly a way to understand the market. I did speak and exchanged emails with the co-founder of *Stripe*, John Collison, during that time. Now, Stripe has understood well enough, and now wants to buy-out the whole company, creating multi-millionaires in Nigeria overnight.
Nigeria, this is a good news because across the nation, a new club has just been formed: those with extra money to support emerging companies. To Paystack boys, well done. Both have served Nigeria and Africa in great ways.
Now, Flutterwave needs to up their game because as Stripe has just landed in Lagos they will be take great market share…