Paystack investors cashed big following heavy returns on their investments.

It was indeed a big day for the African startup ecosystem as it was distribution day for individual and corporate investors who invested in Paystack.

A lot of investors took to Twitter to express their joy in their return on investment. Jason Njoku, Founder of IrokoTV who is also an investor confirmed the distribution on social media.

The Angels who invested in the seed round of Paystack back in 2016 made approximately 1,440% ROI. That is 14.4 times their money in only 5 years, according to Njoku.

Paystack, the Lagos-based payments startup that helps merchants accept payments from their custOKomers, has grown so big that it’s said to process more than half of Nigeria’s online transactions.

And currently, over 60,000 businesses in Nigeria and Ghana use the platform to collect online and offline payments.

Paystack was the first-ever startup out of Nigeria to get into Y Combinator (YC), a US-based seed-stage accelerator.

Their success into YC opened the door for other Nigerian startups to get into YC, access foreign investments, and raise significant rounds.
In 2020, Stripe, a US payment giant acquired Paystack in a deal worth over $200 million (₦76 billion). Stripe acquired Paystack to accelerate online commerce across Africa.

In 2018, stripe led Paystacks Series A round of $8 million with participation from Visa, Tencent and others.

The Stripe-Paystack deal has been a turning point in the Nigerian startup ecosystem. More investors will be on the lookout for the new “Paystack”. Nobody wants to be left behind.
In the coming years, more investors will sign checks as they see Nigeria as a market where startup exits are possible.

Following Paystack participation in its Accelerator, YC invested $125,000 (₦32.5 million) in Paystack for 7% equity. YC return on investment (ROI) would be about $14 million (₦5.3 billion).

Source: https://nairametrics.com/2021/02/19/cash-out-day-for-paystack-investors/

That's cool, but, we Nigerians like it faster and that's why MMM, Twinkas etc really dealt with us.


Me is reasoning #RedKing group

These youngsters made a1440% return?

[img]https://media./images/cda055b7b650e74b0e29d7903f30324d/tenor.gif[/img]

(congrats....bastttards)

Who are the real investors? I am sure it's dominated by foreign venture
capitalists.

Nice


By the way, what later happened with zzapo mobile

Nice one.

Please who has a broad knowledge in Blogging should inbox me. Thanks.

Nice one

Omo
I never took this thing serious.

Nonsense!!! After they no longer do cryptocurrency payments

M

Paystack and Flutterwave are booming

But why them sell am na? That's my only beef with them.

Wow

Happy for them

mine is comin'

Let the investors reap the fruits of their investment jare. Raising money for start-ups is a difficult task.

Just remembered a group of 3 Nigerians and a Ghanaian who conceptualized and developed a test/examination platform TESTAFRICA several years ago. They looked for seed money to no avail and held with countless meetings with banks without tangible outcome. They gave up and moved on.

I am using the occasion of this good news to send heartfelt SHOUT OUT to all them and indeed to all entrepreneurs with new ideas looking for seed money. An angel will come your way. Keep working!

Nice one good people are still much in Nigeria

Na so MBA start.

Waoo so good. Hope it will not end up like MMM

Not putting money again in any business I hv no control over...these people hv shown me shege

I hope that went mostly to nigerians

5 years ago, that bastard Invictus was busy fooling his ancestors and giving useless speech, these boys were building their business. Today, he's in jail and these boys don cashout.

I hope the government of the day will not ban them.

Noted

Incredible!

thats great at least some people can smile buhari want to finish this country but we they no shaking

Beverlyjean:
Not putting money again in any business I hv no control over...these people hv shown me shege

Wow.. I wish I invested.. Lucky investors