- EmpowerAfrica
- ,
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Shola is a software engineer and fintech entrepreneur who has played a vital part in revolutionizing online payments in Nigeria.
He is the Co-Founder of Paystack, a company that provides payment solutions to businesses, helping them accept various payment methods, including debit and credit cards, bank transfers, and mobile money. Shola and his old schoolmate, Ezra Olubi, set out to unlock the Nigerian digital economy by offering businesses and individuals new ways to transact online.
In November 2015, Paystack was accepted into the Y Combinator accelerator program, helping propel it toward becoming one of Africa’s most prominent tech companies. Paystack’s success led to its acquisition by Stripe, a global online payment processing company, in October 2020. The acquisition marked a significant milestone for the Nigerian tech industry, showcasing the potential and talent within the country’s startup ecosystem. Shola’s entrepreneurial journey and efforts to transform the online payment landscape in Nigeria have earned him recognition as one of the notable figures in the Nigerian tech and business community.
You may also like...
- ,
Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.
- ,
Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.
- ,
The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.