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The Rise Of Entrepreneurship In Nigeria
The rise of entrepreneurship in Nigeria has fueled innovate startups and small businesses, driving economic growth and job creation. In recent years, Nigeria has emerged as a vibrant hub for entrepreneurship showcasing a remarkable transformation in its economic landscape. As the economy continues to develop and diversify, more and more individuals are taking bold steps towards becoming their own…
Young Nigerian entrepreneur behind Africa's response to PayPal and Stripe
Young Nigerian entrepreneur behind Africa’s response to PayPal and Stripe
At the age of 16 years, Shola Akinlade got a gift that captivated him: a computer. “All I wanted to do was lock myself in my room and just make software. I wanted to solve problems,” he recalls. TRENDING Celebrity news Would you believe, the Sultan of Brunei is not the wealthiest Monarch in the world? by Kwame-medo 31st October 20201st November 2020 Celebrity news GWebcasters WeekendMag…
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Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API. (We and others have referred to it in the past as “the Stripe of Africa.”)
Paystack currently has around 60,000 customers, including small businesses, larger corporates, fintechs, educational institutions and online betting companies, and the plan will be for it to continue operating independently, the companies said.
Terms of the deal are not being disclosed, but sources close to it confirm that it’s over $200 million. That makes this the biggest startup acquisition to date to come out of Nigeria, as well as Stripe’s biggest acquisition to date anywhere.
The deal underscores two interesting points about Stripe, now valued at $36 billion and regularly tipped as an IPO candidate. (Note: It has never commented on those plans up to now.) First is how it is doubling down on geographic expansion: Even before this news, it had added 17 countries to its platform in the last 18 months, along with progressive feature expansion. And second is how Stripe is putting a bet on the emerging markets of Africa specifically in the future of its own growth.
Hey, have you #registered as a member of my #blog yet? If you haven't you're missing out on a whole lot! See, #membership is #free and grants you access to: 1. The Marriage ABCs - 26 Articles About Love and Marriage + 1 more 😉 2. The Church Girl - One Chance Replay 3. The House Girl - Exclusive Series (Saturdays at noon) By becoming a #patron of my site, that means you give a minimum of $1 a month via www.patreon.com/ufuomaee (LINK IN BIO), you also get access to: 1. An Emotional Affair - Complete Series 2. An Emotional Affair - Audio Series 3. The Church Girl - Complete Saga (loading...) 4. A Small World - All Seasons 5. The House Girl - New and Exclusive! And #earlyaccess to every new #storyseries on my blog! If you can't support via #Patreon, you can now become a #paidsubscriber via #Paystack, a secure payment gateway that allows International Payments, including and primarily from #Nigeria 😍😎😉 . Paid #subscription gives you the same access as my Patrons for only 1. N1,000 monthly or 2. N2,500 quarterly or 3. N7,500 annually Or you can just subscribe per #series 😁 Learn more at https://blog.ufuomaee.org/subscriptions Follow LINK IN BIO to blog.ufuomaee.org and visit my Subscriptions page. I'd love your #support to do more, so I can turn these materials into #books, #audiobooks and #films, and make more free #ebooks like #BROKEN and #DEARATHEIST... to reach the world for #Jesus 👊👊👊💪💪💪 . DM me to chat if you're interested in partnering with me. Thanks so much 🤗 #TheChurchGirl #OneChanceReplay #AnEmotionalAffair #AudioSeries #TheMarriageABCs #ASmallWord #SeasonalSeries #TheHouseGirl
Hey, have you #registered as a member of my #blog yet? If you haven't you're missing out on a whole lot! See, #membership is #free and grants you access to: 1. The Marriage ABCs - 26 Articles About Love and Marriage + 1 more 😉 2. The Church Girl - One Chance Replay 3. The House Girl - Exclusive Series (Saturdays at noon) By becoming a #patron of my site, that means you give a minimum of $1 a month via www.patreon.com/ufuomaee (LINK IN BIO), you also get access to: 1. An Emotional Affair - Complete Series 2. An Emotional Affair - Audio Series 3. The Church Girl - Complete Saga (loading...) 4. A Small World - All Seasons 5. The House Girl - New and Exclusive! And #earlyaccess to every new #storyseries on my blog! If you can't support via #Patreon, you can now become a #paidsubscriber via #Paystack, a secure payment gateway that allows International Payments, including and primarily from #Nigeria 😍😎😉 . Paid #subscription gives you the same access as my Patrons for only 1. N1,000 monthly or 2. N2,500 quarterly or 3. N7,500 annually Or you can just subscribe per #series 😁 Learn more at https://blog.ufuomaee.org/subscriptions Follow LINK IN BIO to blog.ufuomaee.org and visit my Subscriptions page. I'd love your #support to do more, so I can turn these materials into #books, #audiobooks and #films, and make more free #ebooks like #BROKEN and #DEARATHEIST... to reach the world for #Jesus 👊👊👊💪💪💪 . DM me to chat if you're interested in partnering with me. Thanks so much 🤗 #TheChurchGirl #OneChanceReplay #AnEmotionalAffair #AudioSeries #TheMarriageABCs #ASmallWord #SeasonalSeries #TheHouseGirl
Nigeria Fintech 2026: How Paystack's AI Fraud APIs Will Spark Africa's $10B Exit Wave
Nigeria's fintech ecosystem is primed for a $10 billion+ exit wave by 2028, fueled by Paystack's Stripe-backed AI fraud detection capabilities amid surging digital payments and regulatory tailwinds. In Q1 2025 alone, electronic payments hit ₦284.9 trillion (22% YoY growth), with fraud losses exceeding ₦52.3 billion annually—creating massive demand for robust APIs.nairametrics+2
The Perfect Storm: Nigeria's Fintech Exit Setup
Nigeria led African M&A in 2025 with 20+ fintech deals, part of 100+ continent-wide exits (highest since 2022). Paystack processes 60% of e-commerce volume via 300K+ merchants, handling billions monthly.ericosiakwan+1
Key 2026 drivers:
- Payments explosion: ₦384 trillion e-payments in July 2025 alone (up from ₦280T YoY).nairametrics - CBN reforms: 14 policies in 2025, including automated AML and push payment fraud rules.mexc+1 - Demographics: 70% under 30, 55% smartphone penetration, $20B+ remittances. - Exit multiples: 15-20x revenue for infra plays (Flutterwave $3B peak).insights.techcabal+1
TAM: Nigeria $5B → Pan-Africa $20B in 3 years. Paystack ARR trajectory: $120M (2025) → $200M (2026).agustoresearch
Paystack's Fraud APIs: Technical Breakdown
Paystack's 2025 fraud tools combine automated ML with manual monitoring to combat chargebacks and schemes. Key features:linkedin+4
Core stack:
1. Pre-auth screening: Device fingerprinting, velocity rules, IP geofencing 2. ML scoring: XGBoost + neural nets on 50+ features (amount, history, timing) 3. Real-time decisions: Risk score → approve/hold/review (
Paystack fires Ezra Olubi after old tweets and abuse claims emerge. Read full story below #ValidUpdates #Paystack #EzraOlubi #MaxObae #fintech #workplacereview #misconduct #Stripe
Ezra Olubi loses Paystack role after public misconduct claims
Key Points Paystack removed Ezra Olubi after public claims surfaced online. The company opened a probe in response this week. Maki says she repaid the full loan to Ezra. She posted the payment update and praised the company’s action. The case renewed talks about workplace safety across tech. Observers say firms must set clearer rules for staff ties. Paystack has fired co-founder Ezra Olubi…
