[Transcript] #20: Paystack - How the FinTech payments platform went from Y Combinator to a $200M Stripe exit in 5 years
Transcript for podcast originally recorded on January 10, 2021
😉 Hello Afrobility readers and listeners!
Back in January 2021, we discussed Paystack, the payments infra tech platform and one of the darlings of the Africa Tech scene…
… Paystack remains one of the most important companies in the ecosystem not just because of their exit but because of the impact their story .
Enjoy & DFTBA!
Olumide Ogunsanwo
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Transcript starts here
[00:00:00] Olumide Ogunsanwo: Welcome to Afrobility, a conversation about African business and technology. Today, we're going to talk about Paystack, the African payments infrastructure company that was acquired by Stripe in 2020, October. We'll give some context of the Nigerian payments ecosystem before 2015. Paystack's founding, early history, its acquisition by Stripe, and then we'll finally end with our views on its future outlook.
This episode was recorded on January 10th, 2021
BRash! How goes it?
[00:00:32] Bankole Makanju: BRash 😁 That does not sound good at all. I know because Rashid is my middle name.
[00:00:39] Olumide Ogunsanwo: It sounds like a medical condition.
[00:00:43] Bankole Makanju: It sounds terrible. Im very good. I'm back at work this week. I think this week going through emails, it took me a while to remember what my job is and what I'm supposed to be doing. Like you see stuff like, what is this? Oh, yeah, that's the thing I wrote. I wrote this. I asked for this and they sent it back to me or whatever. So. How are you?
[00:01:02] Olumide Ogunsanwo: I'm doing well. It was a busy week of work and a bunch of stuff. Hopefully it's not as crazy next week, but I think my week was definitely less, less busy than yours. So we shall see how it continues. I had Monday off at least, so I only started on Tuesday. It was a short week. Nice.