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Was Paystack overvalued at 200 million US dollars? as claimed in some quarters. Well join me as i explain wheither or not it was worth the sell out price
1.Paystack, a five (5) year old Nigerian fintech startup was acquired by Stripe an American financial services and software
company for over 200 million dollars (76.6 billion naira) making it the biggest Nigerian startup acquisition.
Paystack regularly described itself as "Stripe for Africa" and stripe led 8 million USD (3 billion naira) Series A funding for paystack in 2018.
2. Both Stripe and Paystack are solving the same problem: payment; they also have similar missions. Paystack mission is to"help businesses in Africa become profitable , envied and loved. Stripe wants to increase the GDP ( Gross Domestic Product) of the
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