Online payment processing for internet businesses, Stripe has acquired Paystack-modern online and offline payment for Africa.

Earlier this year, Stripe announced to pick up another $600 million in funding.

Stripe said one big reason for the funding was to expand its API-based payments services into more geographies.

Today the company is coming good on that plan in the form of some M&A as the organization acquires Paystack, a startup funding in Lagos, Nigeria.

Paystack provides a quick way to integrate payment services into an online or offline transaction by way of an API.

Paystack currently has around 60,000 customers, including small businesses, larger corporates, fintech, educational institutions, and online betting companies, and the plan will be for it to continue operating independently, the companies said.

READ MORE: https://news.1app.online/stripe-acquires-paystack/

Imagine


If they try making life difficult God will punish them


Paystack way I the enjoy...
And they should fix the annoying payment failures 3D authentication for international or $ payments

If Paystack will still continue to operate independently then it probably was not an acquisition

Kobicove:
If Paystack will still continue to operate independently then it probably was not an acquisition

that's not true. it matters on the agreement. the buying firm may not want to disrupt operation if the parent company is doing a good job.

ubcandid:


that's not true. it matters on the agreement. the buying firm may not want to disrupt operation if the parent company is doing a good job.

If you acquire a company 100% the first thing you do is to change the top management staff or draw up an exit strategy for them

Kobicove:


If you acquire a company 100% the first thing you do is to change the top management staff or draw up an exit strategy for them

read through, they have being lending support to the firm for years. it's all about structuring. they may do this in years like konga did.