Tencent and Comcast are also set to exit the African payment tool provider in a purchase by fellow investor Stripe reportedly sized at more than $200m.
Digital payment technology provider Stripe agreed yesterday to acquire one of its portfolio companies, Nigeria-based counterpart Paystack, for an amount sources told TechCrunch was above $200m.
Founded in 2015, Paystack offers a range of digital payment tools covering areas including payment collection and disbursement, financial reporting, identity verification and e-commerce management to a customer base of some 60,000 businesses in Nigeria and Ghana.
The company will expand across Africa as an independent subsidiary of Stripe, beginning with a planned entry…
