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Paystack Investors Enjoy 1440% Return On Investment - Business - Nairaland

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Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa / Paystack: An Awesome Financial Technology Startup You Need To Know About / Paystack - What Did Others Do Wrong? (2) (3) (4)

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Paystack Investors Enjoy 1440% Return On Investment by lalasticlala(m): 6:31pm On Feb 19
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/

23 Likes 2 Shares

Re: Paystack Investors Enjoy 1440% Return On Investment by BeeBeeOoh(m): 6:31pm On Feb 19
shocked



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

35 Likes 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by NwaNimo1(m): 6:38pm On Feb 19
These youngsters made a1440% return?



(congrats....bastttards)

68 Likes 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by Perfectsouth(m): 6:38pm On Feb 19
investment wey dey burst brain..
I love people who use their brain

26 Likes 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by geendi(m): 6:39pm On Feb 19
Who are the real investors? I am sure it's dominated by foreign venture
capitalists.

5 Likes

Re: Paystack Investors Enjoy 1440% Return On Investment by theoneJabulani(m): 6:39pm On Feb 19
Nice


By the way, what later happened with zzapo mobile
Re: Paystack Investors Enjoy 1440% Return On Investment by sapphiere(f): 6:39pm On Feb 19
Nice one.

Please who has a broad knowledge in Blogging should inbox me. Thanks.
Re: Paystack Investors Enjoy 1440% Return On Investment by Imeyo1(m): 6:39pm On Feb 19
Nice one
Re: Paystack Investors Enjoy 1440% Return On Investment by Australopithecu(m): 6:39pm On Feb 19
shocked shocked cryOmo
I never took this thing serious.
Re: Paystack Investors Enjoy 1440% Return On Investment by TysonsCorner(m): 6:39pm On Feb 19
Nonsense!!! After they no longer do cryptocurrency payments

1 Like 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by obembet(f): 6:39pm On Feb 19
M
Re: Paystack Investors Enjoy 1440% Return On Investment by Felabrity: 6:39pm On Feb 19
Paystack and Flutterwave are booming

7 Likes

Re: Paystack Investors Enjoy 1440% Return On Investment by pansophist(m): 6:40pm On Feb 19
But why them sell am na? That's my only beef with them.

5 Likes

Re: Paystack Investors Enjoy 1440% Return On Investment by Yeyeboi05(m): 6:40pm On Feb 19
Wow
Re: Paystack Investors Enjoy 1440% Return On Investment by Adebaba1(m): 6:40pm On Feb 19
Happy for them

1 Like

Re: Paystack Investors Enjoy 1440% Return On Investment by BadRadio: 6:40pm On Feb 19
mine is comin'

3 Likes

Re: Paystack Investors Enjoy 1440% Return On Investment by festacman(m): 6:40pm On Feb 19
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!

69 Likes 3 Shares

Re: Paystack Investors Enjoy 1440% Return On Investment by hola106(m): 6:40pm On Feb 19
Nice one good people are still much in Nigeria
Re: Paystack Investors Enjoy 1440% Return On Investment by chrisxxx(m): 6:40pm On Feb 19
Na so MBA start.

5 Likes 2 Shares

Re: Paystack Investors Enjoy 1440% Return On Investment by serverconnect: 6:40pm On Feb 19
Waoo so good. Hope it will not end up like MMM
Re: Paystack Investors Enjoy 1440% Return On Investment by Beverlyjean(f): 6:40pm On Feb 19
Not putting money again in any business I hv no control over...these people hv shown me shege

10 Likes 2 Shares

Re: Paystack Investors Enjoy 1440% Return On Investment by AnthonyAk(m): 6:40pm On Feb 19
I hope that went mostly to nigerians
Re: Paystack Investors Enjoy 1440% Return On Investment by Ikpeazukerosene: 6:40pm On Feb 19
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.

54 Likes 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by Philipxxxx0: 6:41pm On Feb 19
I hope the government of the day will not ban them.

5 Likes 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by Juliusmalema: 6:41pm On Feb 19
Noted
Re: Paystack Investors Enjoy 1440% Return On Investment by Mindlog: 6:41pm On Feb 19
Incredible!

1 Like

Re: Paystack Investors Enjoy 1440% Return On Investment by specialmati(m): 6:41pm On Feb 19
cool cool thats great at least some people can smile buhari want to finish this country but we they no shaking

1 Like 1 Share

Re: Paystack Investors Enjoy 1440% Return On Investment by gambia(m): 6:41pm On Feb 19
Beverlyjean:
Not putting money again in any business I hv no control over...these people hv shown me shege

grin
Re: Paystack Investors Enjoy 1440% Return On Investment by Carparts888(m): 6:41pm On Feb 19
Wow.. I wish I invested.. Lucky investors

2 Likes 1 Share

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