Nigerian graduates secure $1.3M Seed investment for their startup
Paystack, one of Nigeria’s most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors.
The company, founded by Shola Akinlade and Ezra Olubi, initially caught the eye of industry commentators as it is the first Nigerian tech company to be accepted into the world-famous Y Combinator progam, based in Silicon Valley.
Paystack’s CEO, Shola Akinlade, said: “We started Paystack because we knew online payments in Africa were essentially broken and someone definitely had to do the hard work of fixing it.”
Olubi [Paystack Co-founder and CTO] and Akinlade graduated from Babcock University 10 years ago.