Paystack Investors Get 1440% Return On Investment As The Startup Blossoms
-Corporate investors that invested in Paystack have a lot to be happy about
-It was recently revealed that Angel investors that trusted the startup in 2016 have made 1440% ROI
-The tech startup was acquired by US payment giant, Stripe in 2020 for $200 million
Angel investors that took a risk on Payment company, Paystack have a lot to celebrate.
Jason Njoku, the founder of Iroko TV who invested in the company confirmed that investors had 1440% ROI between 2016 and now.
Paystacks is a Lagos-based payment company that allows merchants receive payment from customers.
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Over the years, the company has grown so big that it processes more than half of online transactions in Nigeria.
The startup was acquired by Stripe, a US payment giant in 2020 for $200 million. Stripe acquired to facilitate online payments across the continent.
The acquisition has caused more investors to look out for Nigerian startups.
Paystack was founded by Shola Akinlade and Ezra Olubi in 2015.