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Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa (30438 Views)

Stripe Acquires Paystack For $200M+ / What Business Can I Start With 1 Million To Make 5k Daily? / Union Bank Secures $200 Million OPIC Funding For Smes And Women Initiatives (2) (3) (4)

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Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Sirmwill: 4:25pm On Oct 15, 2020
He should not have sold it undecided
If at all he had to,it should have been far above that price na
60000 users is not beans ooo...and considering the fact that they could still grow very powerful than this

Google once offered themselves for acquisition to Yahoo,but Yahoo declined.You know the rest...
These big companies will not want to acquire small companies if they don't see tendencies
All paystack needed was further patience and more investors
embarassed
Biko
One of these billionaire companies should come and acquire Nairaland...

Reasons
1.Nairaland has far more active traffic than almost all other Nigerian sites
2.I want Seun Osewa to become a millionaire in dollars wink

Seun,if this should happen,don't settle for less than 1billion dollars...It get why

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Whois(m): 4:26pm On Oct 15, 2020
That's Ezra Olubi. Long time nairalander too. lolz
olaric:
Hope the police won't come for the guy on the left because he's got dreadlocks? I mean our policemen need serious orientation.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:27pm On Oct 15, 2020
I don't see this as good news.

A future giant has just been snapped Up by a foreign company.

All the profits will now move abroad.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by sylve11: 4:29pm On Oct 15, 2020
Nightstalker:


Where are those thieves ? To all the cursed animals who boast here about Yahoo take a look at this !!

Iyo cartel you thief you scum bag you criminal , see your life ?!!!

While bastards like you are thinking how to send scan emails your mates working and earning legit
Bloody thief!! See how useless and cursed the lives of Yahoo boys are ?

Useless slawormir see your mates !!! Animal !! See as they are doing things .
They sold their company for $200k and can relax and spend with peace of mind but you will be awake every night sending scam emails to get $50 off your victims you useless good for nothing bastard .. that illiterate iyo cartel who should be selling gala in ibadan comes here to make noise and disturb this forum with his fraudulent activities see your mates!! Useless bastards!!!

I been nor call names o. Lol. Honestly, it pays to hustle genuinely. The suffering is just for a while, but you will get it right when you least expect it. cool

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by SmartPolician: 4:30pm On Oct 15, 2020
Sirmwill:
He should not have sold it undecided
If at all he had to,it should have been far above that price na
60000 users is not beans ooo...and considering the fact that they could still grow very powerful than this

Google once offered themselves for acquisition to Yahoo,but Yahoo declined.You know the rest...
These big companies will not want to acquire small companies if they don't see tendencies
All paystack needed was further patience and more investors
embarassed
Biko
One of these billionaire companies should come and acquire Nairaland...

Reasons
1.Nairaland has far more active traffic than almost all other Nigerian sites
2.I want Seun Osewa to become a millionaire in dollars wink

Seun,if this should happen,don't settle for less than 1billion dollars...It get why

The day a foreign company will acquire Nairaland, you will see the difference between a company run by foreigners and that by a Nigerian.

I have known Nairaland for years, you rarely see new features on it.

If it was owned by a white man, you would wake up almost every week to new features.

We are backward in this country for a reason

7 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kellyelly1: 4:31pm On Oct 15, 2020
It's a win-win for all concerned

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by chingle5(m): 4:32pm On Oct 15, 2020
if stripe end up buying paystack .........i think we africans know the rest..... EXPLOITATION AT ITZ PEAK grin grin grin grin
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Emmadoc: 4:32pm On Oct 15, 2020
sylve11:
Over $200m. That's some massive funds. Congrats man! cool

Bro not really impressive to me..

They will soon place some limitations on Nigerians..

They will soon place a policy on Nigerians that will require Nigerians to go an extra mile just to have an account with them.

3 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:33pm On Oct 15, 2020
There is nothing good about foreign companies swallowing up any bright indigenous company.

The shareholders will smile to the Bank, but that is all.
The country is worse off.

When I read that canal+ acquired Rok studios for $100m, I realised that Nigerians are very short-sighted.

Nigerians would have sold apple or YouTube when they were still struggling.

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Miyachi: 4:34pm On Oct 15, 2020
This is quite monumental, recalling that they were YC first Nigerian Startup. It's a plus for Nigerian Startups.

3 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Sirmwill: 4:35pm On Oct 15, 2020
SmartPolician:


The day a foreign company will acquire Nairaland, you will see the difference between a company run by foreigners and that by a Nairaland.

I have known Nairaland for years, you rarely new features on it.

If it was owned by a white man, you would wake up almost every week to new features.

We are backward in this country for a reason

So it use to shock you too abi cheesy

15 years and nothing to show for it
The speedy progress that Nairaland could have been experiencing now is only being dented by the ignorance and greediness of so called mods and founders that only put much attention on ads
People bringing their ads to Nairaland are really trying.I barely read or even see them

Truly backward site.Especially in 2020

2 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Luftwaffe(f): 4:35pm On Oct 15, 2020
southniyikaye:
I wanted to ignore you but let me enlighten you a bit so you don't become totally useless to yourself
Trash. What is biosystems about keke popcorn stand? Nonsense
Fact is, you haven't achieved anything related to what you studied so even if you read computer science, you still won't get to PayStack level.

3 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Goldencheese(m): 4:36pm On Oct 15, 2020
southniyikaye:
thanks bro, am learning bit by bit with grasshopper

You're welcome.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 4:36pm On Oct 15, 2020
CSTRR:
There is nothing good about foreign companies swallowing up any bright indigenous company.

The shareholders will smile to the Bank, but that is all.
The country is worse off.

When I read that canal+ acquired Rok studios for $100m, I realised that Nigerians are very short-sighted.

Nigerians would have sold apple or YouTube when they were still struggling.



YouTube was sold to google bros. Besides acquisitions aren't always a bad thing. A lot of companies are acquired by big tech giants daily. It speaks good for Nigerian ecosystems and the talent we have. If this continues, a lot of Nigerian programmers will be able to get remote jobs with companies abroad and also funding for their own ideas which would lead to upward social mobility. Rejoice!!!!

9 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by blessedchild234: 4:36pm On Oct 15, 2020
Nice one
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by pansophist(m): 4:37pm On Oct 15, 2020
I'm I the only one that think it's not an appropriate deal for paystack? Google wanted to be purchased by yahoo for few million dollars during its growth stage but refused, now it's a trillion dollar company, same as facebook and lots more. Why cash out now when you can rip more and more in the future ?

Damn.

5 Likes 2 Shares

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:39pm On Oct 15, 2020
This is the same thing US does to Israel on a massive scale.
Leaching off the massive Israeli tech sector.

From tech to even entertainment.

Netflix is buying off Israeli series now.

The good thing is that Israel is getting a lot in return too.
I can't say the same for Africa.

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by wink2015: 4:41pm On Oct 15, 2020
AllOfUsAtManna:
good news

They should give us full stripe capabilities oo
make dem no do like PayPal that just added Nigeria just for adding sake that even ordinary Niger Republic and Lesotho has better functional features than Nigeria

Stripe will still put some restriction to guide against fraud.

You know that fraud is our second name.

From politicians to jobless youth on the streets of Nigeria.

However, thanks to stripes and its management for finding it necessary to add Nigeria to their platform or specifically acquiring paystack.

Nigeria is a big market for them considering the number of Nigerians that are involved in ecommerce, e-shopping.

4 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by TimeTraveler369: 4:41pm On Oct 15, 2020
If SARS aka SWAT saw the founders with laptop, they would've been tagged Yahoo Yahoo Google Google.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by cdm4live: 4:41pm On Oct 15, 2020
Gmajor:


Location

Door delivery. You have the option of paying after delivery.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:44pm On Oct 15, 2020
tensazangetsu20:

YouTube was sold to google bros. Besides acquisitions aren't always a bad thing. A lot of companies are acquired by big tech giants daily. It speaks good for Nigerian ecosystems and the talent we have. If this continues, a lot of Nigerian programmers will be able to get remote jobs with companies abroad and also funding for their own ideas which would lead to upward social mobility. Rejoice!!!!
YouTube was sold to google for peanuts and the previous owners regret It till today.

That is typical Nigerian behaviour.

I don't see how not selling off our best tech companies stop Nigerians from getting jobs from abroad.

In fact , if companies like paystack grow to be world Standard, it would do better in marketing Nigerian programming skills.

5 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by vankaid: 4:46pm On Oct 15, 2020
southniyikaye:
One of my regrets in life, rejecting computer science for biosystems engineering..
Shey now, me self for dey create apps worth millions of dollars

Modified - - - -una go Everly get issue with my personal regrets and decisions..
As I dey regret am now, he give una headache? Na your regret? Na my mistake? abeg let me regret my regret in peace biko

It is not yet late bro.

The beautiful thing about programming is that you don't need school degrees to learn it and you definitely still don't need school degrees to get a job on it.

If you can't download Youtube videos to teach yourself, find somewhere around where they teach it. Get good mentoring and pick a niche!

There you go.

6 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Camelot65: 4:47pm On Oct 15, 2020
SmartPolician:


The day a foreign company will acquire Nairaland, you will see the difference between a company run by foreigners and that by a Nigerian.

I have known Nairaland for years, you rarely see new features on it.

If it was owned by a white man, you would wake up almost every week to new features.

We are backward in this country for a reason
I swear........

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 4:48pm On Oct 15, 2020
CSTRR:

YouTube was sold to google for peanuts and the previous owners regret It till today.

That is typical Nigerian behaviour.

I don't see how not selling off our best tech companies stop Nigerians from getting jobs from abroad.

In fact , if companies like paystack grow to be world Standard, it would do better in marketing Nigerian programming skills.
1.65 billion dollars is peanuts. Do you even know how much it would have cost for the founders to maintain YouTube if they didn't sell. Maybe they didn't have the resources then to scale the platform. The founder is worth over 300 million dollars and has stakes in a ton of successful startups. Poverty can never near his generation. The social effects of YouTube too are immense. Many people have learnt skills there and the content creators make money from ads. It's not always bad to be acquired. In this case, it's amazing for Nigeria.

10 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Camelot65: 4:49pm On Oct 15, 2020
I think getting some knowledge on Tech (IT) added to whatever course you studied is an added advantage

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by otabuko(m): 4:52pm On Oct 15, 2020
MikeMicheal:
MAKES ME WONDER HOW MUCH PAYPAL WILL BE WORTH
Financial web services and ICT seems to be the new blood money.
nobody can buy paypal oh! That one will be in $b figures.

2 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by nograv: 4:54pm On Oct 15, 2020
Northerners look and learn, see how knowledge and work can make you rich!!!

Mtcheww #GetRidOfTheNorth.. cool

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:57pm On Oct 15, 2020
tensazangetsu20:

1.65 billion dollars is peanuts. Do you even know how much it would have cost for the founders to maintain YouTube if they didn't sell. Maybe they didn't have the resources then to scale the platform. The founder is worth over 300 million dollars and has stakes in a ton of successful startups. Poverty can never near his generation. The social effects of YouTube too are immense. Many people have learnt skills there and the content creators make money from ads. It's not always bad to be acquired. In this case, it's amazing for Nigeria.
Yes, a billion dollars is peanuts when you consider that YouTube is worth $300b today.

If the cost of maintaining YouTube was great, he could have gotten outside investment without completely losing ownership.
Zukerbag was just a student when he founded Facebook.
He did not sell Facebook because of the cost of maintainace even when bill gates made an offer.
He was smarter than most grown men.

Yes, the previous owner of YouTube IS a millionaire by all standards.
But he could have been a billionaire today without needing to invest in various start ups.

6 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by gomojam: 4:59pm On Oct 15, 2020
nograv:
Northerners look and learn, see how knowledge and work can make you rich!!!

Mtcheww #GetRidOfTheNorth.. cool
grin grin grin grin

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by ElValiente: 5:02pm On Oct 15, 2020
Slomarr right now. Or what is the name of that damn nigga niqqa. grin more cash out bro till efcc , fbi, cia, Interpol hold u dude.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kobicove(m): 5:04pm On Oct 15, 2020
cdm4live:
Good deal.
Just look at how technology is making people rich.

Buy this quality shoe for yourself or your boyfriend. Grab it for a giveaway price.

https://dormenedynasty.com.ng/collections/flat-lightweight-shoe/products/mens-fashionable-loafers-black

Is it real leather?

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 5:05pm On Oct 15, 2020
CSTRR:

Yes, a billion dollars is peanuts when you consider that YouTube is worth $300b today.

If the cost of maintaining YouTube was great, he could have gotten outside investment without completely losing ownership.
Zukerbag was just a student when he founded Facebook.
He did not sell Facebook because of the cost of maintainace even when bill gates made an offer.
He was smarter than most grown men.

Yes, the previous owner of YouTube IS a millionaire by all standards.
But he could have been a billionaire today without needing to invest in various start ups.

I just pray SARS can end so we can see our own home grown billion dollar tech startups. That menace has made a lot of talent to leave Nigeria.

1 Like

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