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Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

15Oct By Ankita SinghNo Comments

ACQUISITION

Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

Nigeria, 15th Oct 2020: US-based online paymnet firm Stripe acquire Nigeria based payments firm Paystack for more than $200 million to enter into africa region. Earlier in 2018, Stripe invested $8 million in a Series A funding round for Paystack. With this acquisition Stripe will control more than half of online payments in Nigeria. Also, Paystack has already started a pilot with businesses in South Africa. Like Stripe, Paystack is a technology company powering growth for businesses in Africa through the API process in the payment system.More than 60,000 businesses in Nigeria and Ghana use Paystack to collect online and offline payments. The team has developed APIs enabling developers to create online custom checkout experiences, build automated recurring billing systems, instantl...

Facebook Grants Deep Data Access to Device Makers

The most popular social networking platform Facebook formed an association with a total of 60 gadget makers for the purpose of data-sharing. Out of the sixty companies, Apple, Amazon, BlackBerry, Microsoft and Samsung are some among others that partnered with the social media giant for the defined purpose. Facebook had reached the specified device makers over the last decade, initiating before Facebook apps were extensively available on smartphones. The deals as mentioned, enabled Facebook to grow and expand its extent and also to let the partner companies provide popular social networking features, for instance, messaging, the ability to post photos, directly from a device without using the Facebook app, ‘like’ button and address books. It was also being said that the device compani...

Ola opens up API for selected mobile apps

Taxi aggregator Ola today announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company's offering with their platforms. (more…)