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Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa (30416 Views)

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Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by bluefilm: 5:08pm On Oct 15, 2020
Sirmwill:


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 been 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

According to the website worth of web dot com, this nairaland is worth close to 300 million dollars!!!

No other nigerian site or blog comes anywhere closer.

According to the same website, Bet9ja is worth close to 1 Billion dollars!!!

But when you consider the gigantic traffic that Bet9ja pulls on a daily basis, you will know that Nairaland is not doing badly at all.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kobicove(m): 5:08pm 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.


Where did the previous owners tell you that they regret selling it?

They made a very good profit when they sold

4 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Ezmans: 5:10pm On Oct 15, 2020
sylve11:
Over $200m. That's some massive funds. Congrats man! cool
if SARS see these guys that developed paystack they I'll called them Yahoo boys

2 Likes 1 Share

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by lomprico(m): 5:13pm On Oct 15, 2020
sylve11:
Over $200m. That's some massive funds. Congrats man! cool

imagine say SARS kill this bright mind years back b4 he set up this biz. that's why we protest

#endsars

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Gmajor(m): 5:22pm On Oct 15, 2020
cdm4live:


Door delivery. You have the option of paying after delivery.
In every state or just Lagos
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 5:25pm On Oct 15, 2020
Kobicove:



Where did the previous owners tell you that they regret selling it?

They made a very good profit when they sold
Yes.
Relative peanuts
Zukerbag would have made a profit too if he sold Facebook in college.

Peanuts.

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by xxxXXXxxx: 5:25pm On Oct 15, 2020
Moneyball
This is super cool
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Karleb(m): 5:35pm 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.

How easy is it to get investors to invest in technology in Nigeria?

How many Nigerian billionaire invested Paystack till today when Stripe a foreign company were busy putting money in Paystack?

I can't blame those young men. Besides, github got acquired recently. Whatsapp also got acquired.

Yahoo is folding up in December. Blackberry is now extinct. Symbian is gone.

Technology companies are also not immune to death.

When you consider these you'd realize that getting acquired isn't so bad.

I wouldn't have sold though.

9 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Nobody: 5:45pm On Oct 15, 2020
Technology is the future.
Man, become tech wise and become a multi millionaire.

4 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by 4GodandHumanity: 5:45pm On Oct 15, 2020
Nice one

Haarland:
[/b]How to watch Netflix movies and TV Series for free[b]


https://www.youtube.com/watch?v=yvAbghAFjoE
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Bagehot: 5:49pm 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 scam 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[b] $200k[/b] 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!!!

$200 million dollars please . . .

2 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Bagehot: 5:51pm 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

After the $50 million mark, your lifestyle doesnt differ much - whatever lifestyle a billionaire wants to live, they can also do same to a very large extent. House? Car? Clothes? Women?

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Bagehot: 5:56pm 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.

$200 million is peanuts? Well, the founders aren't complaining now are they?

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by studentofTruth: 5:58pm 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 hate to delve into you guys' intelligent argument, but don't you think that the young men have a better understanding of their market sector than we outsiders?

I mean, they saw value in that sector when no one else did and swiftly moved in. They worked hard to create something great that got financial giants interested in them, and at this point, they felt it's a good time to sell at the amount they did.

Looking at their market sector closely, you will see that a lot of competition is coming. GTB is coming with anger. Stripe too would have come in on their own if Paystack refused to sell. These two alone could intimidate them with cash.

Remember, the sector evolves so fast. If they can't keep up, they'll eventually crumble.

8 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by cdm4live: 6:01pm On Oct 15, 2020
Gmajor:

In every state or just Lagos

Every state.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by solasoulmusic(f): 6:12pm On Oct 15, 2020
Wonderful news
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by cdm4live: 6:13pm On Oct 15, 2020
Kobicove:


Is it real leather?

Yes, quality leather. You will love it.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Nobody: 6:17pm On Oct 15, 2020
.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Donpaper: 6:23pm 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 kme regret my regret in peace biko
guys, you got no excuse, I am science-based, run a tech company. I self learnt all I could to run. Get your idea and get appropriate developers to run it. Not every body must become a programmer to run a tech business. Just get a solution to peoples problems and get a developer to develop. You still own it bro

5 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by DadaStephen1(m): 6:23pm On Oct 15, 2020
I received this news with mixed feelings.

On one side, I am happy that a Nigerian Tech Company has done so well to get to this point where it has to be admired and acquired by global tech giants.

It’s a motivation for some of us Nigerian Youths who work assiduously and legitimately to make ends meet, solve problems as well as make the nation proud.

It projects a good image of Nigeria and proper impression for young Nigerians. It shows that we’re not all Hushpuppies and Diezanis.

On the flip side I feel pained.

That was how we lost Jumia and other promising Prospects emanating from Nigeria to these smart westerners.

Why do they have to keep swallowing everything that survives the critical death stage, leaving us with absolutely nothing of our own to be proud of?

Why must Africa continue to consume innovations and inventions of the Wild West?

Why are the governments not buying into these projects and companies to strengthen them to a point where they become global brands from Africa, contributing to the growth and development of the country and continent ?

I’m just pondering about this with a very heavy heart.

Why must my dream be to build www.ceoshub.net to a point where an American Company pays me heavily for it and takes it over leaving my country or continent with nothing to point to as “their own”, something that is contributing to global development which is coming from Nigeria or Africa?

Well, I might be wrong in my thinking, but I think NIGERIA and Africa generally needs to watch it closely.

How many global brands can we point to and say “this is from Africa”?
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by ibroo21: 6:27pm On Oct 15, 2020
[quote author=AllOfUsAtManna post=94971260]yes ooo
real yerobas not yeroba Muslims [/quote Fool do you know that the founder of cowrywise is Yoruba Muslim. In Yoruba land we don't reason like fools.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Ndipe(m): 6:33pm On Oct 15, 2020
This is heartwarming news. I hope SARS reads this.

1 Like

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by thebosstrevor1: 6:33pm On Oct 15, 2020
Soon every dick and harry will trop into tech
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by thebosstrevor1: 6:34pm On Oct 15, 2020
DadaStephen1:
I received this news with mixed feelings.

On one side, I am happy that a Nigerian Tech Company has done so well to get to this point where it has to be admired and acquired by global tech giants.

It’s a motivation for some of us Nigerian Youths who work assiduously and legitimately to make ends meet, solve problems as well as make the nation proud.

It projects a good image of Nigeria and proper impression for young Nigerians. It shows that we’re not all Hushpuppies and Diezanis.

On the flip side I feel pained.

That was how we lost Jumia and other promising Prospects emanating from Nigeria to these smart westerners.

Why do they have to keep swallowing everything that survives the critical death stage, leaving us with absolutely nothing of our own to be proud of?

Why must Africa continue to consume innovations and inventions of the Wild West?

Why are the governments not buying into these projects and companies to strengthen them to a point where they become global brands from Africa, contributing to the growth and development of the country and continent ?

I’m just pondering about this with a very heavy heart.

Why must my dream be to build www.ceoshub.net to a point where an American Company pays me heavily for it and takes it over leaving my country or continent with nothing to point to as “their own”, something that is contributing to global development which is coming from Nigeria or Africa?

Well, I might be wrong in my thinking, but I think NIGERIA and Africa generally needs to watch it closely.

How many global brands can we point to and say “this is from Africa”?

Jumai was never a Nigerian company from the start and was not founded by Nigerians forget the Nigerian front.

3 Likes

Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Donpaper: 6:49pm On Oct 15, 2020
Emmadoc:


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.

for where? Wey Skrill dey.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Donpaper: 6:54pm 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.
what Mark did was to allow Angel investors and venture capitalists. He still own about 57% of equity on Facebook.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Donpaper: 6:56pm On Oct 15, 2020
bluefilm:


According to the website worth of web dot com, this nairaland is worth close to 300 million dollars!!!

No other nigerian site or blog comes anywhere closer.

According to the same website, Bet9ja is worth close to 1 Billion dollars!!!

But when you consider the gigantic traffic that Bet9ja pulls on a daily basis, you will know that Nairaland is not doing badly at all.
Does Nairaland traffic equals funds. Any CPC or CTR working here?
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kennyswagz1(m): 7:07pm On Oct 15, 2020
CSTRR:
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.
they are fools
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by jachike77342: 7:08pm On Oct 15, 2020
Soon every dick and harry will trop into tech
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by bluefilm: 7:10pm On Oct 15, 2020
Donpaper:
Does Nairaland traffic equals funds. Any CPC or CTR working here?

I think you should to direct this particular to Seun.

He is the Sole Proprietor cum Chief Accountant of this Nairaland Forum business.
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Bitcoinomy(m): 7:11pm On Oct 15, 2020
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by southniyikaye(m): 7:20pm On Oct 15, 2020
Donpaper:
guys, you got no excuse, I am science-based, run a tech company. I self learnt all I could to run. Get your idea and get appropriate developers to run it. Not every body must become a programmer to run a tech business. Just get a solution to peoples problems and get a developer to develop. You still own it bro
now, this is an intelligent statement.. Thanks

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