Ingressive Capital and Blue Haven Initiative: Insider-Outsiders for Paystack and Blue Haven Initiative: Insider-outsiders for Paystack.
When the Nigerian fintech Paystack announced in October 2020 that they had been acquired by the Silicon Valley-based payments company Stripe – for a reported US$200 million – the news sent a shockwave through the Nigerian tech industry, and the wider community of African tech entrepreneurs.
Paystack had become the first Nigerian startup to be accepted into the prestigious Y Combinator accelerator in Silicon Valley, their payment solution was being embraced by local SMEs, and they were showing exponential sales growth