This is a quick (non-exhaustive) fintech news round-up for the past week.
Stripe agrees to buy Nigeria-based Paystack
The omnipotent San Francisco Bay Area-based Fintech platform Stripe has agreed to buy Nigeria’s Paystack for a reported US $200 million.
Paystack is joining Stripe
Hi everyone - Shola here (Paystack co-founder and CEO) with an important community update. I'm thankful to share that…
Similar to Stripe, Paystack offers payments service through API technologies. It has currently 60,000+ customers. This could be a tremendous opportunity for the American company to gain a foothold on the African continent.
My frequent collaborator Michael Spencer delved deeper into this development in a recent blog post.
Stripe Expands into Africa with Paystack Acquisition - The Last Futurist
Long live the API. Yet another startup in the developing world bows to Silicon Valley. Nigerian fintech startup…
Wealthsimple raises another CAD $114M
Wealthsimple, a well-known Toronto-based fintech startup specialized in digital investing and stock trading secured another CAD $114 million (roughly US $86 million) in funding.
Wealthsimple announces CAD $114 million investment led by TCV to transform financial services in…
TORONTO, Oct. 14, 2020 /CNW/ - Wealthsimple, the company behind Canada's leading digital investing and stock trading…
The company now claims a “unicorn” valuation of CAD $1.4 billion (US $1 billion).
I can’t say I’m surprised by such since Wealthsimple has built impressive brand awareness among younger Canadians.
Razorpay closes Series D round
Announcing Razorpay's $100 Million Series D Funding - Razorpay Culture
Five years ago, when Harshil & I moved to Bangalore to start Razorpay, the startup ecosystem was still nascent and less…
The company offers payment gateway services as well as B2C lending.