Stripe Acquired Nigeria’s Paystack For Over $200 Million Deal
Paystack, a Nigerian payments startup, is the latest African tech company to raise a multi-million dollar round this year. Stripe, the US payments giant, has acquired the startup in a deal that will allow both companies to continue operating independently. Stripe's $600 million funding round has bolstered Stripe's international expansion plans in April. According to research, neither company has disclosed the acquisition's value, but it is worth more than $200 million. Paystack, an API-based payments service similar to Stripe, enables…