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Paystack (YC W16) — Modern payments infrastructure for africa

Paystack is a small and vibrant family working across Lagos and San Francisco. We enable businesses to accept payments via credit card, debit card, money transfer, and mobile money, directly from their website or mobile app.

Paystack is a Y Combinator company in the Winter 2016 batch. Its directory entry describes it as: Modern payments infrastructure for Africa. The founders listed are Shola Akinlade (Founder/CEO), Ezra Olubi (Founder/CTO) (Y Combinator directory entry, November 12, 2015).

6 more companies from YC Winter 2016 ↓

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Paystack

New accelerator entry · 2015-11-12 · the record

Winter 2016
batch
115
people
Growth
stage
Nigeria
region
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What the record says

BatchWinter 2016
Announced2015-11-12
StageGrowth
StatusAcquired
Team size115
IndustryFintech
Sub-industryFintech -> Payments
SectorsFintech
RegionsNigeria, Africa, Remote, Partly Remote
BasedLagos, Nigeria
HiringNo
Sitehttps://www.paystack.com

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Also in YC Winter 2016

Same batch, Fintech first.

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In their words

Paystack is a small and vibrant family working across Lagos and San Francisco. We enable businesses to accept payments via credit card, debit card, money transfer, and mobile money, directly from their website or mobile app.

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Example from a real report (our sample on Target): “In March 2026, Target announced a planned incremental $1 billion operating investment” Source: Target Corporation (press release)

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What the Full Report on Paystack covers

  1. The Short Answer

  2. Which Company This Is

  3. What They Do, And How The Money Works

  4. Who Runs It, And How To Reach Them

  5. The Money: Funding, Valuation, Runway

  6. Who Pays Them, And Who They Are Up Against

  7. Warning Bells

  8. Sources

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Sourced from the company's Y Combinator directory entry, and from Hacker News, where 5 threads met the matching rule stated beside the count.

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Paystack: Accepted into Y Combinator Winter 2016
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Permanent URL: https://mentionfox.com/funding/yc-paystack
Last updated 2026-10-29
Primary record: Y Combinator directory entry
Paystack (YC W16) — Modern payments infrastructure for africa. MentionFox, 2026-10-29. https://mentionfox.com/funding/yc-paystack