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Nairaland Forum / Nairaland / General / Business / Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa (34336 Views)
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Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Sirmwill: 4:25pm On Oct 15, 2020 |
He should not have sold it If at all he had to,it should have been far above that price na 60000 users is not beans ooo...and considering the fact that they could still grow very powerful than this Google once offered themselves for acquisition to Yahoo,but Yahoo declined.You know the rest... These big companies will not want to acquire small companies if they don't see tendencies All paystack needed was further patience and more investors Biko One of these billionaire companies should come and acquire Nairaland... Reasons 1.Nairaland has far more active traffic than almost all other Nigerian sites 2.I want Seun Osewa to become a millionaire in dollars Seun,if this should happen,don't settle for less than 1billion dollars...It get why 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Whois(m): 4:26pm On Oct 15, 2020 |
That's Ezra Olubi. Long time nairalander too. lolz olaric: |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:27pm On Oct 15, 2020 |
I don't see this as good news. A future giant has just been snapped Up by a foreign company. All the profits will now move abroad. 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by sylve11: 4:29pm On Oct 15, 2020 |
Nightstalker: I been nor call names o. Lol. Honestly, it pays to hustle genuinely. The suffering is just for a while, but you will get it right when you least expect it. 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by SmartPolician: 4:30pm On Oct 15, 2020 |
Sirmwill: The day a foreign company will acquire Nairaland, you will see the difference between a company run by foreigners and that by a Nigerian. I have known Nairaland for years, you rarely see new features on it. If it was owned by a white man, you would wake up almost every week to new features. We are backward in this country for a reason 7 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kellyelly1: 4:31pm On Oct 15, 2020 |
It's a win-win for all concerned 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by chingle5(m): 4:32pm On Oct 15, 2020 |
if stripe end up buying paystack .........i think we africans know the rest..... EXPLOITATION AT ITZ PEAK |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Emmadoc: 4:32pm On Oct 15, 2020 |
sylve11: Bro not really impressive to me.. They will soon place some limitations on Nigerians.. They will soon place a policy on Nigerians that will require Nigerians to go an extra mile just to have an account with them. 3 Likes 1 Share |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:33pm On Oct 15, 2020 |
There is nothing good about foreign companies swallowing up any bright indigenous company. The shareholders will smile to the Bank, but that is all. The country is worse off. When I read that canal+ acquired Rok studios for $100m, I realised that Nigerians are very short-sighted. Nigerians would have sold apple or YouTube when they were still struggling. 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Miyachi: 4:34pm On Oct 15, 2020 |
This is quite monumental, recalling that they were YC first Nigerian Startup. It's a plus for Nigerian Startups. 3 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Sirmwill: 4:35pm On Oct 15, 2020 |
SmartPolician: So it use to shock you too abi 15 years and nothing to show for it The speedy progress that Nairaland could have been experiencing now is only being dented by the ignorance and greediness of so called mods and founders that only put much attention on ads People bringing their ads to Nairaland are really trying.I barely read or even see them Truly backward site.Especially in 2020 2 Likes 1 Share |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Luftwaffe(f): 4:35pm On Oct 15, 2020 |
southniyikaye:Trash. What is biosystems about keke popcorn stand? Nonsense Fact is, you haven't achieved anything related to what you studied so even if you read computer science, you still won't get to PayStack level. 3 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Goldencheese(m): 4:36pm On Oct 15, 2020 |
southniyikaye: You're welcome. |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 4:36pm On Oct 15, 2020 |
CSTRR:YouTube was sold to google bros. Besides acquisitions aren't always a bad thing. A lot of companies are acquired by big tech giants daily. It speaks good for Nigerian ecosystems and the talent we have. If this continues, a lot of Nigerian programmers will be able to get remote jobs with companies abroad and also funding for their own ideas which would lead to upward social mobility. Rejoice!!!! 9 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by blessedchild234(m): 4:36pm On Oct 15, 2020 |
Nice one |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by pansophist(m): 4:37pm On Oct 15, 2020 |
I'm I the only one that think it's not an appropriate deal for paystack? Google wanted to be purchased by yahoo for few million dollars during its growth stage but refused, now it's a trillion dollar company, same as facebook and lots more. Why cash out now when you can rip more and more in the future ? Damn. 5 Likes 2 Shares |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:39pm On Oct 15, 2020 |
This is the same thing US does to Israel on a massive scale. Leaching off the massive Israeli tech sector. From tech to even entertainment. Netflix is buying off Israeli series now. The good thing is that Israel is getting a lot in return too. I can't say the same for Africa. 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by wink2015(m): 4:41pm On Oct 15, 2020 |
AllOfUsAtManna: Stripe will still put some restriction to guide against fraud. You know that fraud is our second name. From politicians to jobless youth on the streets of Nigeria. However, thanks to stripes and its management for finding it necessary to add Nigeria to their platform or specifically acquiring paystack. Nigeria is a big market for them considering the number of Nigerians that are involved in ecommerce, e-shopping. 4 Likes 1 Share |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by TimeTraveler369: 4:41pm On Oct 15, 2020 |
If SARS aka SWAT saw the founders with laptop, they would've been tagged Yahoo Yahoo Google Google. 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by cdm4live: 4:41pm On Oct 15, 2020 |
Gmajor: Door delivery. You have the option of paying after delivery. |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:44pm On Oct 15, 2020 |
tensazangetsu20:YouTube was sold to google for peanuts and the previous owners regret It till today. That is typical Nigerian behaviour. I don't see how not selling off our best tech companies stop Nigerians from getting jobs from abroad. In fact , if companies like paystack grow to be world Standard, it would do better in marketing Nigerian programming skills. 5 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by vankaid: 4:46pm On Oct 15, 2020 |
southniyikaye: It is not yet late bro. The beautiful thing about programming is that you don't need school degrees to learn it and you definitely still don't need school degrees to get a job on it. If you can't download Youtube videos to teach yourself, find somewhere around where they teach it. Get good mentoring and pick a niche! There you go. 6 Likes 1 Share |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Camelot65: 4:47pm On Oct 15, 2020 |
SmartPolician:I swear........ 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 4:48pm On Oct 15, 2020 |
CSTRR:1.65 billion dollars is peanuts. Do you even know how much it would have cost for the founders to maintain YouTube if they didn't sell. Maybe they didn't have the resources then to scale the platform. The founder is worth over 300 million dollars and has stakes in a ton of successful startups. Poverty can never near his generation. The social effects of YouTube too are immense. Many people have learnt skills there and the content creators make money from ads. It's not always bad to be acquired. In this case, it's amazing for Nigeria. 10 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Camelot65: 4:49pm On Oct 15, 2020 |
I think getting some knowledge on Tech (IT) added to whatever course you studied is an added advantage 2 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by otabuko(m): 4:52pm On Oct 15, 2020 |
MikeMicheal:nobody can buy paypal oh! That one will be in $b figures. 2 Likes 1 Share |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by nograv: 4:54pm On Oct 15, 2020 |
Abokis look and learn, see how knowledge and work can make you rich!!! Mtcheww #GetRidOfTheNorth.. 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by CSTRR: 4:57pm On Oct 15, 2020 |
tensazangetsu20:Yes, a billion dollars is peanuts when you consider that YouTube is worth $300b today. If the cost of maintaining YouTube was great, he could have gotten outside investment without completely losing ownership. Zukerbag was just a student when he founded Facebook. He did not sell Facebook because of the cost of maintainace even when bill gates made an offer. He was smarter than most grown men. Yes, the previous owner of YouTube IS a millionaire by all standards. But he could have been a billionaire today without needing to invest in various start ups. 6 Likes |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Nobody: 4:59pm On Oct 15, 2020 |
nograv: 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by ElValiente(m): 5:02pm On Oct 15, 2020 |
Slomarr right now. Or what is the name of that damn nigga niqqa. more cash out bro till efcc , fbi, cia, Interpol hold u dude. 1 Like
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Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by Kobicove(m): 5:04pm On Oct 15, 2020 |
cdm4live: Is it real leather? 1 Like |
Re: Stripe Acquires Nigeria’s Paystack For $200 Million To Expand Into Africa by tensazangetsu20(m): 5:05pm On Oct 15, 2020 |
CSTRR: I just pray SARS can end so we can see our own home grown billion dollar tech startups. That menace has made a lot of talent to leave Nigeria. 1 Like |
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